Tax Day Extended to July 15
The IRS previously pushed back the date to file and pay taxes to July 15, 2020 for victims of the Tennessee tornadoes, but that change in tax day has now been extended to all Americans, amid the current and ongoing COVID-19 crisis. Taxpayers do not need to take any action or file additional forms to take advantage of this adjustment. This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020. North Carolina and South Carolina have also extended their state tax due date to July 15. Taxpayers in other states may check with their revenue department at this link.
Answers About Economic Impact Payments
The IRS is maintaining a dedicated site to provide information on the economic impact payments being made. If you’d like to know what you need to do (or not do), who is eligible for the payment, and how the payment will be made, you can check their site.
IRS Warns Against Scams And Schemes
The IRS urges taxpayers to be on the alert for a surge of scams, fraud, and phishing attempts in the environment surrounding economic impact payments.. Text messages, social media, and email are popular avenues for scammers. Red flags may include mention of “stimulus check,” “stimulus payment,” asking you to provide personal or banking information, or promising a faster payment. IRS Commissioner Chuck Rettig says, “we urge people to take extra care during this period. The IRS isn’t going to call you asking to verify or provide your financial information so you can get an economic impact payment or your refund faster.”
Taxpayer Assistance Centers Closed
In an effort to protect employees and citizens, the IRS has temporarily closed all Taxpayer Assistance Centers in the nation, and discontinued face-to-face service until further notice. Taxpayers are encouraged to check the IRS website for the most up-to-date information, or contact their tax preparer – via phone or email – for assistance.