Tax Law Insights

In what is appearing to be a fairly fluid situation with the United States Treasury Department and the IRS, Treasury Secretary Steven Mnuchin announced, via Twitter, that not only tax payments but also the filing of individual tax returns will be extended from April 15 to July 15.     Secretary Mnuchin specifically tweeted that “At @realDonaldTrump’s direction, 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.”

This tweet from the Treasury Secretary represents a change in his prior announcement, and also that announced by the IRS, where only the tax payment due date would be extended to July 15th, and that the date for filing returns was not to be changed.