COVID-19 (officially SARS-CoV-2 or also the novel Coronavirus) is disrupting everyday business and life as we know it.
The U.S. Treasury Department announced that it would be pushing back the April 15 deadline to file tax returns and pay taxes owed on that date by 90 days, giving Americans three extra months to pay their 2019 income tax bills. This gives millions of individuals and C-Corporation businesses extra time needed to pay these out-of-pocket costs in light of COVID-19.
Reprinted courtesy of Graham Ryan, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.