LAFOLLETTE, TN. (WLAF)- For those scrambling to file their taxes this week, some have been granted a reprieve by the federal government.
Individuals, partnerships and certain corporations now have until July 15 to file their taxes. Non-profits still must adhere to the April 15 deadline.
This is in response to the COVID-19 pandemic, according to Carol Hoskins, a local accountant. This is a change of deadline by the federal government that requires nothing be done by the taxpayers, she said. It is simply a new due date for the filing of 2019 taxes.
For those who had filed their taxes prior to the standard April 15 deadline being moved, the new date should not affect the timelessness of their refund. In cases where money is owed, the taxpayer could have the option of extending their payment deadline without penalty or interest. The payment extension would be applicable only to taxpayers who send a paper check for their tax payments, Hoskins said. People electing to have the money owed to the Internal Revenue Service withdrawn automatically from their bank, will not be able to use the new deadline.
Other deadlines extended to July 15 include:
• First quarter estimated tax payments
• Individual Income taxes
• Franchise/ excise taxes
Locally, city and county business license renewals are now due June 15 instead of April 15, according to Hoskins. (WLAF NEWS PUBLISHED- 04/13-2020- 6AM)