How did the new infection affect the tax season in the USA
In a break order, the government decided to extend the deadline for filing a tax return and W-9 form this year. In the current situation, it was decided to shift the extension deadline until July 15.
Before this deadline, you will need to prepare all the necessary documents, as well as complete the filling extension of all the required forms.
What changes await taxpayers in connection with a new disease
Due to the onset of COVID-19 infection, the government has introduced changes to the coronavirus W-9 form tax date, as well as some other tax breaks. A certain group of persons, as well as companies whose number of employees does not exceed 500 people, are declared tax relief, the possibility of holidays up to 80 business hours, as well as their extension up to two weeks, minus payment of tax fees. All payments will be returned from tax payments that will be made to the documents according to the filling deadline.
Who can count on tax relief
The following companies and groups of persons can count on money refund, as well as holidays paid from federal revenues:
- small and medium-sized businesses;
- people with suspected new infection;
- a person who is required to remain at home in self-isolation mode, in accordance with federal, state, and municipal laws;
- person who have to provide assistance and stay at home to care for people with coronavirus infection.
All these persons are entitled to credits and other tax exemptions. The number of days, as well as the periods in which these persons can be on paid leave, is regulated by special legislative acts. In order to better familiarize yourself with all documents related to tax exemptions, as well as regarding coronavirus tax date, you need to go to the official IRS website. In this case, you must be careful not to get to the resources of fraudsters and not to be deceived. In order to avoid this, you need to use only official sites, and do not respond to emails received. Tax authorities have already announced that they will not send any notifications.