Experts Break Down Tax Deadline Extension
Jake Judd | Mar 26, 2020 AT 8:34 pm
(KNSI) - State and federal officials have extended the tax filing deadline because of the COVID-19 pandemic.
The deadline has been extended from April 15th to July 15th.
Landwehr Tax and Accounting's Business Manager Ashley Kerzman says the move should give some relief to taxpayers yet to file.
"The extension deadline does provide a little bit of relief for the individuals in quarantine or who have taken those extra precautions trying to honor that shelter in place order that was issued."
She says it also buys taxpreparers a little time.
"Some of the pressure has lifted just a little bit. However, we are still going full force. We still have quite a bit of clients that want to get their taxes filed and get their refunds. We are still going strong."
While federal tax law allows taxpayers until July 15th to make estimated tax payments, Minnesota still requires people to pay by April 15th.
Kerzman talked about who that will affect.
"It can be any small business, it could be hairstylists, it could be those subcontractors, it could be someone with a small side business. Any small proprietor type of businesses that aren't a partnership or aren't an S corporation."
Landwehr Tax and Accounting says they will close the building on Monday but will still take new clients and will continue to serve clients over the phone, online, and through the mail.
Kerzman says their tax professional will be working remotely.