(Last updated March 25, 2020)
On March 24, 2020, the IRS published further guidance relating to Notice 2020-18. Filing and Payment Deadlines Questions and Answers, linked here.
The update provides answers to 24 frequently asked questions. The new information is primarily taxpayer-friendly, but some guidance was unexpected. Specifically, individual taxpayers should be aware of the following two limitations:
The IRS intends to update the FAQ list periodically. Our firm will continue to monitor and provide you with important tax updates.
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