zandw619
Level 3
03-18-2020
12:13 PM
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With respect to the Treasury tax payment extensions how and when are you advising clients to pay their April and June 2020 tax estimates?
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dascpa
Level 11
03-18-2020
12:19 PM
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Wait until we have facts to answer these questions. Same with paying for trusts, and anything else. No official rules are out yet.
rbynaker
Level 13
03-18-2020
12:24 PM
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I think it's too early to tell. Ask me again in 3 1/2 weeks.
The reality is that underpayment interest is much cheaper than credit card interest. So if there is potential for the client to have cash flow problems they are likely in a better position to know where to "invest" their money. Keeping the electricity on and buying groceries is a higher priority than keeping square with the IRS.
Rick
