Episode 3: Hot Off the Presses! Treasury Sec. Mnuckin Announces Payment Extension. Also, Discussion of House Resolution 6201 - Possible Tax Relief for Businesses?
When it rains, it pours. In this episode, I dispense with the intro and outro and get right to it. As expected, the Treasury has announced some relief for taxpayers who owe taxes. It is not an extension to file but for many taxpayers it will still be some welcome relief.
Additionally, I discuss legislation that aims to provide benefits and tax credits to help alleviate the Coronavirus pandemic. It has passed the House and is currently pending in the Senate. Will it pass? I don't know but you can get a glimpse into what Congress is considering for aid to taxpayers.
Link to H.R. 6201: https://www.govtrack.us/congress/bills/116/hr6201
Link to Treas. Sec. announcement news: https://www.forbes.com/sites/kellyphillipserb/2020/03/17/in-response-to-coronavirus-mnuchin-confirms-tax-relief-but-does-not-extend-irs-filing-season/#6b0da49b1366
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