April 10, 2020
Yesterday, April 9, the IRS released two new Notices and one Procedure update to help give additional relief to taxpayers. One Notice vastly broadens the scope of the extended filing and payment deadlines. These changes will help individuals, trusts, estates (including gift tax returns), Americans living or working abroad, corporations, nonprofits, and other non-corporate tax filers. The other two give additional guidance on providing tax relief under the CARES Act for taxpayers with net operating losses.
Please review our blog for full details on these updates:
We understand that times are uncertain and that information is changing rapidly. We are here to help advise, guide, and just listen to you! Please do not hesitate to reach out to your BLS Team member or email us at firstname.lastname@example.org with any questions.
We are here for you!
Your BLS Team
Visit our COVID-19 Resource Center for additional guidance.