Getting Tax Payment Extensions To Minimize Existing Tax Burdens
With the onset of the Coronavirus epidemic, the ensuing economic and financial instability swept the rug from beneath the feet of countless US citizens. With unemployment levels peaking at 14.7% in April, continued business shutdowns and a second wave of COVID-19 cases being reported—the IRS chose to provide convenient payments options to all taxpayers. With the recognition that far too many people will find it difficult to make tax payments by April 15 th , the IRS extended the deadline to July 15 th to help people get their affairs in order. This announcement also included a conjunction announcing that individual taxpayers can have their deadlines extended to the 15 th of October if they filed Form 4868 before the July 15 th deadline. Assuming that taxpayers missed the deadline for the form, they have probably started accruing interest on their bills and should get in touch with a reliable tax debt relief company to help them out. It's still...