Coronavirus brought about a lot of new adjustments that both people and companies had to deal with. With tax season coming in the middle of this pandemic, you may have some questions that need answering. We have compiled some of the most frequently asked questions this tax season.

2020 Tax Season Information

1. Has the coronavirus affected tax season?

In short, yes, the coronavirus did affect tax season. In order to give the American people a little more relief when it came to filing taxes, the last day to file your taxes has been postponed from April 15, 2020 to July 15, 2020.

2. When is the deadline to file your taxes?

Due to the coronavirus, the last day you can file your taxes in 2020 is July 15. If you need more time then you must file for an extension. All the files you would need can be found here.

3. Where do I file my taxes?

You can either file your taxes electronically, or you can head over to the IRS website and select your state to find out where you can go in person to file your taxes.  

4. What do I do if my address changed?

There are a few different ways to notify the IRS of an address change. You can either fill out an IRS form, use your new address on your tax return, send a written statement, or provide an oral notification either over the phone or in-person.

5. Can I get any tax relief because of COVID-19?

Yes, a few different strategies have been put in place in order to help citizens that have been affected by the coronavirus. The IRS has distributed economic impact payments in April, and most people will receive their payments automatically and not be required to take any additional action. All workers are also entitled to coronavirus-related paid leave, whether that is because you’re sick or a family member needs caring for.

On the IRS website, you can find several more online resources that can help all taxpayers. Being in the middle of a pandemic does not make tax season any easier but hiring a reliable tax accountant can help.

If you need assistance filing your taxes this season, contact Satty, Levine & Ciacco, CPAs. P.C.