Divorce and Federal and State Taxes
With April 15, 2020, Tax Day, only weeks away, and in consideration of the government directives surrounding COVID-19, the federal tax filing deadline has been extended to July 15, 2020, with no penalty for filing on or before July 15, 2020. Currently, the IRS is still open and carrying out day-to-day functions, including accepting and processing federal tax returns.
While individuals do not need to request an extension to file on or before July 15, 2020; in the event an individual needs additional time after July 15, 2020, he or she will need to submit Form 4868 to request an extension prior to July 15, 2020.
Should you have any questions about filing your taxes, Lyons & Associates recommends you contact a Certified Public Accountant.
UPDATED: Following the guidance of the IRS, the State of New Jersey has extended the state income tax filing deadline and the corporation business tax filing deadline from April 15th to July 15th. The State of New Jersey has also extended the state fiscal year to September 30th.
Lyons & Associates focuses its practice on family law and family law related matters. If you or someone you know is having difficulties with issues surrounding your divorce during these difficult times, then please call the skilled attorneys and mediators at Lyons & Associates, P.C. at (908) 575-9777. The attorneys at Lyons & Associates believe in personal attention for personal matters. If you need a telephone conference or a virtual meeting, please let us know.
Written by: Sara E. Kucsan, Esq.