Tax Update: Tax Filing Deadline Extended to July 15th
A LETTER FROM YOUR FORTIS FAMILY OFFICE TAX TEAM:
The tax filing deadline for returns normally due April 15th, has been extended until July 15th. Earlier in the week, the Internal Revenue Service extended the federal income tax payment deadline for most individuals and corporate taxpayers. Today, Treasury Secretary Steven Mnuchin shared this news via Twitter “We are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payment without penalties and interest.“
We are still awaiting official guidance from the IRS and from the majority of the States. We are continually monitoring this situation and will report accordingly.
Fortis Wealth LP is continuing our operations with a remote workforce. We encourage you to send us your tax documents as soon as possible (preferably in electronic format) so that we can continue providing the service that you have come to expect.
As always, we encourage you to reach out to us with any questions or concerns.
Director of Tax