During the coronavirus crisis, the federal government
Five of the homicide victims were 20 years old or younger. period of several months to defer state sales tax payments, and late filing We follow the stories and update you as they develop. The Internal Revenue Service has extended the 2019 federal income tax filing deadline three months to July 15, 2020, in response to the global coronavirus pandemic sweeping the U.S. he extension from April 15 is automatic for all taxpayers, who also have until July 15 to pay any taxes that would have been due on April 15. Here are five things to know about filing and paying your taxes by July 15 in Illinois: As Mnuchin mentioned on Monday, extensions past the July 15 date are still available for some aspects of your taxes. Airline Furloughs Come This Week; CDC Holiday Guidelines: BLOG, CA Fires: Flames Seize Wine Country; 3 People Dead In Zogg Fire, Trump's Tax Revelation Could Tarnish Image That Fueled Rise, 1st Presidential Debate, Trump Vs Biden In Ohio: What To Know, 15 Good News Stories: ‘Be The Bridge’; Trash Talk; Truth’s Truths. And many more questions we’d like to ask on Tuesday night at the first presidential debate . The standard deduction is a dollar amount that reduces the amount of income on which you are taxed and varies according to your filing status. newsletter, An order to stay home, an opportunity to stand together, Five ways you can help small businesses survive the coronavirus pandemic, When will Illinois move into Phase 5? You can find more information about the "People First Initiative" on the IRS website. Name Description ; IL-1065: Instructions: Partnership Replacement Tax Return (includes Schedule B) 2019-IL-1065-V Payment Voucher for 2019 Partnership Replacement Tax (Use this voucher and Appendix A of Form IL-1065 Instructions to make a 2019 extension payment) 2020-IL-1065-V Even before the federal government acted, Maryland had moved its deadline for some business filings to June 1, and California had bumped its tax day back to June 15. Illinois has moved back the filing date for state taxes until July 15 due to Businesses with fewer than 50 employees and that had under $3 million in revenue in 2019 … Pritzker was right when he said, “We think that’s an important thing for us to evaluate and then do something about.”. Sign up for the The move by Pritzker’s administration is the latest in a We get that the sudden loss of the usual influx of cash in April can leave the state scratching its head about how to pay its bills, including the paychecks for state workers. The penalty for not filing is 5 percent of the unpaid tax you owe, tallied for each month you're late for up to five months. Single: $12,200 — up from $12,000 for 2018. The commitment to July 15 comes less than a week after Treasury Secretary Steven Mnuchin said that pushing the deadline back even further was "something we may consider. Know about breaking news as it happens. Advancing a charge to a disciplinary committee would take at least one of the Democrats siding with the three Republicans — and if the past few weeks are any indication, that’s not likely. Illinoisans are going through enough. That puts the ball in Illinois’ court to find a way to do the same. The options include postponing certain payments related to Installment Agreements and Offers in Compromise, to collection and limiting certain enforcement actions.