Now here is a three-month (90 days) extension to pay income taxes!
The much-needed lifeline, a three-month (90 days) extension to pay income taxes, for individual and business taxpayers, we received from the Treasury and IRS in response to the Coronavirus outbreak.
Now, we have time to pay taxes until July 15, 2020.
The IRS will also waive any interest or penalties due on up to $1 million in taxes owed by individuals, and up to $10 million for corporate filers.
To be clear, this does not mean taxpayers can avoid filing their tax return or extension by April 15, 2020.