header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
April 19
1880 - Pico Oil Spring Mine Section 2 patented by R.F. Baker and Edward F. Beale [story]
E.F. Beale


WASHINGTON — Treasury Secretary Steve Mnuchin said Friday that the federal deadline for Americans to file taxes has been moved from April 15 to July 15 in light of the coronavirus COVID-19 pandemic.

“All taxpayers and businesses will have this additional time to file and make payments without interests or penalties,” Mnuchin wrote on Twitter.

Congressman Jamie Raskin, D-Md., wrote to Mnuchin and IRS Commissioner Charles Rettig on Thursday to suggest pushing back the federal deadline, citing the national emergency in response to the virus known as Covid-19. The letter mentions Mnuchin’s decision last Wednesday to extend payments on debts already owed to the IRS from last year by 90-days.

“Americans should file their tax returns by April 15 because many will receive a refund,” Mnuchin said in a statement. “Those filing will be able to take advantage of their refunds sooner. This deferment allows those who owe a payment to the IRS to defer the payment until July 15 without interest or penalties. Treasury and IRS are ensuring that hardworking Americans and businesses have additional liquidity for the next several months.”

While states will still set their own filing deadlines for state taxes, Mnuchin also said small business filings could defer payments up to $1 million without a penalty. Taxpayers are still allowed to ask for six-month extensions as well, he said.

While these exemptions are good, Raskin said, Americans who depend on outside services for help filing their taxes will suffer because many of those companies have been shuttered in response to the disease outbreak.

“Tens of millions of Americans rely on tax practitioners for help with preparing returns,” Raskin wrote. “This automatic filing extension will provide critical relief for America’s taxpayers, and would also help reduce the risk of Covid-19 exposure to IRS employees who must report to work in-person to process tax returns as they are filed.”

Democratic Senators, including Chris Murphy of Connecticut and 21 others, also wrote to the IRS on Thursday, noting the inaccessibility to tax services amid the crisis.

“Several states are basing their individual filing deadlines on the IRS’s deadline and are therefore still requiring returns to be submitted by April 15,” Murphy wrote. “It would help many American taxpayers if they knew they could file on July 15 without needing to ask for extensions or worry about late payments.”

The ability to efficiently send taxpayers refund checks and staff the agency amid the national emergency is a big concern for the IRS. It closed its taxpayer assistance centers Friday in response to the Covid-19 outbreak, recommending those who need help call the agency instead.

Steven Willis, a professor of law at the University of Florida, told Courthouse News in an interview Friday that a delay for taxpayers that owed small amounts wouldn’t considerably help people struggling financially.

For nearly a decade, Willis was an adviser at the university’s volunteer income tax assistance center, which helps hundreds file their tax returns annually. He said it is a real problem that those types of programs are shutting down because they are essential for people who generally do not know how to use online services.

“If people can’t file, they can’t get their refunds, so, that concerns me and I don’t see how the government can help with that,” Willis said. “None of that is going on at the University of Florida.”

Congresswoman Val Demings, D-Fla., wrote a separate letter to Mnuchin this week noting that her office had received numerous requests for assistance from constituents who are awaiting to receive refunds from the tax filling they submitted weeks ago.

“They rely on this money to help make ends meet and are in especially dire circumstances in our current environment,” Demings wrote. “It is important that the IRS review these tax fillings expeditiously and issue the necessary refunds as possible to help alleviate the financial hardship experienced by our constituents.”

Mnuchin tweeted Friday that Americans who will receive tax returns are encouraged to file before the extended deadline.

“I encourage all taxpayers who may have tax refunds to file now to get your money,” he wrote.

Read the IRS news release here.

— By Jack Rogers, CNS

From the IRS:
This relief only applies to federal income tax (including tax on self-employment income) payments otherwise due April 15, 2020, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details. More information is available at https://www.taxadmin.org/state-tax-agencies.

The IRS will continue to monitor issues related to the COVID-19 virus, and updated information will be posted on a special coronavirus page on IRS.gov.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
The Los Angeles County Department of Economic Opportunity and its regional partners have held the first of several upcoming rapid response events to urgently connect soon-to-be laid off local workers, impacted by the recent bankruptcy and closure of dozens of local 99 Cents Only Stores, to critical workforce services.
L.A. County Offers Help for Workers of 99 Cents Only Stores
Youth in Los Angeles County foster care as young as 13 can open their own checking and savings accounts without an adult co-owner through the Youth Access Banking program.
Foster Youth Access Banking Program Available in L.A. County
The Santa Clarita City Council will hold a regular meeting on Tuesday, April 23 at 6 p.m. The council will meet at City Hall, City Council Chambers, Items on the agenda include: Measure H funding, awarding construction contracts for traffic improvements and updating criteria for speed hump installation or removal.
April 23: City Council to Discuss Measure H Funds, Traffic Improvements
Visit Vasquez Rock Natural Area and Nature Center for a Day at The Rocks, a family fun event and tribal celebration of the Village of Mapipinga. A Day at The Rocks will be held Saturday, April 27 from 10 a.m. to 2 p.m.
April 27: Day at The Rocks Family Fun Event
Princess Cruises, headquartered in Valencia, and ship builder Fincantieri of Monfalcone, Italy have announced the mutual decision to postpone the delivery of the next Sphere Class ship, Star Princess.
Princess Cruises Postpones Delivery of Star Princess, Inaugural Cruises Cancelled
1880 - Pico Oil Spring Mine Section 2 patented by R.F. Baker and Edward F. Beale [story]
E.F. Beale
The Master's University men's golf team shot a 13-under 275 to finish second at the Golden State Athletic Conference Men's Golf Championships held at Briarwood Country Club in Sun City West, Ariz.
TMU Men’s Golf Places 2nd, Women 5th at GSAC Championships
Join local nonprofit Project Sebastian for an exhilarating day of racing and community support at its Rare Warrior 24 race on Saturday, June 1, at Heritage Park in the heart of Santa Clarita.
June 1: Rare Warrior 24 Race Benefiting Project Sebastian
Santa Clarita Valley Sheriff's Station Station deputies will be taking part in the “DEA National Drug Take Back Day,” Saturday, April 27, from 10 a.m. to 2 p.m., in front of the SCV Sheriff’s Station, located at 26201 Golden Valley Road.
April 27: Drug Take Back Day at SCV Sheriff’s Station
The College of the Canyons Center for Civic and Community Engagement—in collaboration with COC’s Golden Z Club—invites the community to attend the Nonprofit Community Resource Fair on Tuesday, April 30.
April 30: COC Hosts Nonprofit Community Resource Fair
College of the Canyons made quick work of visiting L.A. Valley College in a shortened 11-3 home victory that came on a day in which the program unveiled its newly named Michele Jenkins Softball Team Room during a pre-game dedication ceremony.
Lady Cougs Outslug L.A. Valley 11-3
For aspiring scientists at The Master’s University, taking up a student research project is no small commitment.
Retired Professor Continues to Mentor Aspiring TMU Scientists
The Los Angeles County Department of Public Health is warning residents not to use a Vietnamese herbal ointment called “Cao Bôi Trĩ Cây Thầu Dầu” (Castor Oil Hemorrhoid Extract) because it contains lead and can be fatal.
Public Health Urges Residents to Avoid Vietnamese Hemorrhoid Cream
State Superintendent of Public Instruction Tony Thurmond hosted a California Apprenticeship Summit Wednesday to raise awareness of apprenticeship opportunities and career technical education pathways that connect California’s youth to high-wage, high-growth career opportunities.
State Apprenticeship Summit Connects Youth to High-Wage Opportunities
College of the Canyons student-athletes Nichole Muro (softball) and Angelo Aleman (baseball) have been named the COC Athletic Department's Women's and Men's Student-Athletes of the Week for the period running April 8-13.
COC Names Nichole Muro, Angelo Aleman Athletes of the Week
California State Sen. Scott Wilk, R-Santa Clarita, announced Wednesday his bill improving transparency between parents and schools’ sexual education curricula passed out of the Senate Education Committee.
Wilk’s Sex Education Transparency Bill Clears Senate Committee
1945 - Actors Harry & Olive Carey sell Saugus ranch after 29 years; now Tesoro del Valle [story]
Carey Ranch
The 76.6-mile-long Antelope Valley Line has the third-highest ridership in Metrolink’s system with an estimated average of 9,000 passengers daily. However, the uneven terrain and single-tracking along the line in some areas forces trains to travel at a slower speed which results in an estimated travel time of approximately one hour between Santa Clarita and Union Station.
Metrolink to Hold Public Meetings on AV Line Capacity, Improvements
Team Dragon Eyes, affectionately known as TDE, is gearing up to host its highly anticipated Fifth Annual Dragonboat Festival race on Saturday, June 1 at Castaic Lake, Lower Lagoon.
June 1: Team Dragon Eyes to Host Fifth Annual Dragonboat Festival Race
This year marks the 20th year that the city of Santa Clarita has been hosting the annual Bike to Work Challenge. The community is invited to celebrate by riding a bike to work the week of May 13, and stopping by a pit stop on Thursday, May 16.
Party at the Pit Stop, City Paves Way for 20th Annual Bike to Work Challenge
Ready to take control of your financial future? Join the Los Angeles County Department of Consumer and Business Affairs Center for Financial Empowerment for the next installment in the Lunch & Learn Financial Capability Month webinar series, "Understanding Credit.
Online Financial Workshops with County DCBA
The Santa Clarita Valley Concert Band will perform a "Starry Might" concert at 7 p.m. on Saturday May 4. The concert, under the direction of Tim Durand, will be held at the Canyon Theatre Guild, 24242 Main St., Newhall, CA 91321.
May 4: SCV Concert Band Presents ‘Starry Night’ at CTG
After a record-setting 2023 combatting organized retail crime, the California Highway Patrol continues to aggressively disrupt and dismantle illegal operations throughout California.
CHP Continues Organized Retail Crime Crackdown, Recovers $4.2M in Goods
Celebrate Earth Day on Monday, April 22 with California State Parks at any of the 280 unique park units across the state. State Parks has numerous Earth Day-themed events planned. They include in-person activities such as guided walks and hikes, workdays and a bioblitz, as well as virtual programming with a live dive broadcast exploring the hidden world of the ocean.
April 22: Celebrate Earth Day at California State Parks
SCVNews.com