The U.S. IRS has launched a new webpage providing guidance on Coronavirus (COVID-19) Tax Relief and Economic Impact Payments, including specific pages on tax relief for individuals and families and tax relief for businesses and tax-exempt entities. With respect to tax relief for businesses and tax-exempt entities, this includes the following three main areas of relief:
Filing and Payment Deadline Extended
The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020.