The IRS has decided to waive interest and penalties for certain taxpayers filing their income tax returns for up to 90 days after the April 15th deadline. The delay is available for taxpayers who owe $1 million or less and corporations that owe $10 million or less. The idea is to grant a financial cushion for taxpayers as we cope with the COVID-19 challenges that lie ahead.
As a client of Fisher, P.A., if the return is not finalized by the first week of April we file a courtesy extension, so that will always be taken care of for you. Our timeliness have been pushed back more than normal as we work around challenges of teammates working remotely, business and school closings, and we sincerely apologize for the delay. However, the IRS is still processing returns and refunds, so we will continue to proceed with filings as all can be handled electronically.
We will continue to monitor the situation and update you all with the latest information as it becomes available. Please do not hesitate to reach out if you have any questions.
(704) 332-7800 (o)
(980) 332-4071 (f)