Sunday, March 29, 2020

What the Coronavirus Stimulus Package Means for You

What the Coronavirus Stimulus Package Means for You
The pandemic has brought lots more attention to §7508A which allows the IRS to extend deadlines in the event of certain disasters. Using its authority under §7508A(a) the IRS first announced the extended time to pay taxes, then it announced the extended time to file taxes and then it announced broad extensions including the time to file Tax Court petitions and numerous other acts outlined in Rev. Proc. 2018-58.

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