What Does Delaying Payment of Your Taxes Really Mean?
Dan Pilla, a tax expert, and Prudent Money Contributor wrote an excellent article I wanted to share.
The news media are wringing their hands over the coming tax return filing and payment deadline. For individuals, that deadline is April 15. Not only must your 2019 federal income tax return be filed by that date, but the taxes must be paid by then also. The question I’m now hearing on a daily basis is what will people do who cannot file or pay because of the extensive disruption due to the COVID-19 crisis?