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Finally we have guidance that extends the due date for filing Tax returns to July 15th, 2019.
The notice uses:
Section 7508A provides the Secretary of the Treasury or his delegate (Secretary) with authority to postpone the time for performing certain acts under the internal revenue laws for a taxpayer determined by the Secretary to be affected by a Federally declared disaster as defined in section 165(i)(5)(A). Pursuant to section 7508A(a), a period of up to one year may be disregarded in determining whether the performance of certain acts is timely under the internal revenue laws.
My question is:
Dose this also extend the filing date and penalties for the States?
Are taxpayers allowed to contribute to their 2019 IRA's until 7/15/20?
Will intuit tax software be updated to conform to this change? if yes how long?
Best Answer Click here