Relief for US Taxpayers
We at Warrener Stewart understand that this may be a difficult and worrying time for some, but please rest assured that it is still business as usual for us. Even in the current circumstances, tax deadlines exist and we are here to help you meet them.
US tax payments
We have been advised that the US Department of Treasury has released a statement in regards to tax payments given the recent state of affairs offering relief from tax deadlines, as this relevant excerpt outlines:
“Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest.”
You can read the full notice here: irs.gov/pub/irs-drop/n-20-17.pdf
If you have any questions about this relief please do not hesitate to contact a member of our US Tax team on 02077316163.
Whilst April 15, 2020 may have extended, there are several other deadlines due over the coming months so we would urge US tax payers to send us their information as soon as possible to ensure we can complete their returns in a timely manner.