September 21, 2020

Volume X, Number 265

September 18, 2020

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Tax Deadline Delayed

Treasury Secretary Steven Mnuchin announced his department is pushing back the April 15 tax payment deadline, giving individuals and many businesses an extension to pay taxes they owe.

Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million, Mnuchin said Tuesday at a press conference.

“All you have to do is file your taxes,” he said. “You’ll automatically not get charged interest and penalties.”

For additional information, be sure to visit these resource pages:

US Department of the Treasury

IRS

© 2020 Jones Walker LLPNational Law Review, Volume X, Number 77

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About this Author

Bill Backstrom, Tax, estates Attorney, Louisiana, Jones Walker Law FIrm
Partner

Bill Backstrom leads the firm's Tax & Estates Practice Group. His practice, for more than 30 years, has focused primarily on state and local tax matters in Louisiana and on a multistate basis. These matters include tax and business planning, utilization of tax and business incentives, audits, government relations, administrative appeals, judicial appeals, and legislative matters.

Mr. Backstrom is a Board Certified Tax Specialist as certified by the Louisiana Board of Legal Specialization. He is a frequent lecturer and author on a variety of tax topics, including all...

504.582.8228
Michael C. Seibert Tax Attorney Jones Walker Law Firm
Associate

Michael practices across a broad range of tax matters including employee benefits, estate planning, nonprofit formation and compliance, and federal and state and local tax compliance.

504.582.8293