Businesses that won’t be able to meet Monday’s tax filing deadline because of the Covid-19 outbreak should request an extension if they haven’t done so already, according to tax professionals.
Many were hoping the IRS and Treasury Department would have already issued guidance extending that due date for partnerships and S corporations to file their returns, especially after President Donald Trump declared a national emergency Friday that would give them the authority to do so.
The American Institute of CPAs in a statement Monday said it has urged the IRS and Treasury to provide relief from the federal partnership ...
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