Treasury Secretary announces extension of tax filing deadline to July 15 (03-20-20)

U.S. Treasury Secretary Mnuchin announced on Twitter that all individuals and businesses will have until July 15 to file and pay their taxes. Late payment penalties and interest will be waived until this date. IRS has not officially issued guidance on the application of this order, but is expected to do so.

The California Franchise Tax Board previously announced a 60-day extension of time to file and pay (to June 15) and in light of the IRS action they are reconsidering. We will let you know if the California due date is extended as well.

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