March 29, 2020

Art & Lifestyle:

DNR Accepting Entries in Photo Contest -

Sunday, March 29, 2020

St. Mary’s Reports Fifth COVID-19 Case -

Friday, March 27, 2020

Newtowne Players Cancel Next Production -

Wednesday, March 25, 2020

New Date for Gelrud Memorial Golf Tourney -

Tuesday, March 24, 2020

Stock Ticker

UPDATE; IRS Filing Date HAS BEEN Extended

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It appears, the United States Internal Revenue Service will extend the April 15, 2020, filing deadline to July 15, 2020.

Treasury Secretary Steven Mnuchin tweeted “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”announced that Tax Day will be moved to July 15 from April 15 because of the coronavirus outbreak.

The decision comes after widespread complaints over the administration’s plan to give people who owe the IRS an additional 90 days to pay up, without penalties or interest, yet still require them to file their returns by April 15.

As per the original directive: Individuals will be able to defer up to $1 million in payments and corporations can defer up to $10 million in payments for up to 90 days from the traditional filing deadline of April 15, 2020.  There will be no penalties or interest charged during the 90-day period.

Askey, Askey & Associates CPA, LLC reports this relief applies to 2019 federal income tax balances due and to the April 15, 2020, estimated tax payments for 2020.

For details refer to IRS Notice 2020-17 that has come out with the specifics on the tax payment deferral.

“We continue to await official guidance from the IRS regarding these announcements and any updates. We will update you as soon as we have the specifics,” said Cathy Askey, managing partner of Askey, Askey & Associates, CPA, LLC.

Askey, Askey & Associates, CPA, LLC, have two full-service offices located in Leonardtown at 23507 Hollywood Road, P.O. Box 662, Leonardtown, MD 20650, phone: 301-475-5671; and in La Plata at 105 Centennial Street, Suite D, La Plata, MD 20646, phone: 301-934-5780.

For more about Askey, Askey & Associates, CPA, LLC, visit their Leader Member Page, Facebook or LinkedIn.

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