Posted on 03/11/2020 11:55:41 AM PDT by 11th_VA
The Trump administration plans to delay the April 15 tax deadline for most individual taxpayers as well as small businesses as part of an effort to mitigate the effects of the spread of the novel coronavirus, Treasury Secretary Steven Mnuchin said Wednesday.
Mr. Mnuchin said the delay would apply “to virtually all Americans, other than the super rich,” and said officials would likely announce a decision quickly...
(Excerpt) Read more at wsj.com ...
agree. Falling for the hoax
The red state governors will postpone the state tax as well so PDJT will not get a "one up" on them.
Some more of that "woke" math
Why? That means the seasonal employees will extend more lonths on payroll lol
Same here. Especially paying a blue effing state..
Well, maybe not...
Most of their workers work just for tax season and then go on to their other jobs.
Then change it permanently to election day.
Are they paid on commission or is it hourly?
If it’s commission, I don’t think they’d be eligible for unemployment.
“Are they paid on commission or is it hourly?
If it’s commission, I don’t think they’d be eligible for unemployment.”
—
I don’t know what, if any, kind of status they have as employee. Maybe could be indy contractors, if not on the payroll.
If they are paying taxes on their commission which they are they are absolutely going to be eligible for unemployment!!!
It may not be an economic relief but many are really scared of this virus as it is very communicable.
Maybe a deadline relief is more for mental health.
So basically: We get to withhold money from the Dems for duration of the current crisis? And when their appetite for our money exceeds their Trump-bashing panic-mongering, then we have to send it in?
Not only not pay, the article subtitle says you don’t even have to file by April 15th. I would double check with an accountant since journalists get everything wrong.
Heck yeah! I like the way you think!
‘Well since everybody is going to die from Corona virus might as well just delay them permanently.’
LOL!
Well that will help my cash flow.
Will this also push off the 1st Quarter of 2020's Quarterly [so-called, it's 3-2-3-4 months each] payments?.
What if you don’t have a State I/T?
Federal return needs to be completed before
State return can be completed.
So if your state doesn’t extend, you still have to complete
your Fed return by April 15, although payment can be deferred.
Some States do NOT have an Income Tax.
Taxpayers in those States may get a better break.
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