At this time, we don't have much guidance. However, some important questions have been answered. While I understand that many of you have very specific questions about your situation, the IRS has not given full guidance on everything yet. As more information comes out, we will be back. My source of this information is https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
Did your state extend their tax deadline? Check the status at https://www.drakesoftware.com/…/did-covid-19-change-my-sta…/ Also, we give a brief update on the Stimulus Checks. Please note that this is not the Law of the Land yet. The House still needs to vote on the bill and the President needs to sign off. We will also wait until official guidence from the IRS before we present final information.
The latest information on the IRS extension on your federal tax return. The new deadline for your Federal Tax Return is July 15, 2020. This is a federal extension only. For information on whether your State has extended it's tax deadline, go to https://www.drakesoftware.com/archive/did-covid-19-change-my-state-individual-income-tax-deadline/