The IRS Delaying Tax Payments: The United States Internal Revenue Service (IRS) will defer tax payments below $1 million from April 15 to July 15. Crypto traders can also take advantage of the measure to ease the strain from the market fall due to the coronavirus outbreak.
According to a March 18 statement from the Department of the Treasury, individuals and non-corporate entities can defer their tax payments for three months without suffering any penalty or interest. Corporations are also exempt for up to $10 million of income tax payments.
The tax returns will still need to be filed for their original deadline of April 15, but the payment can be delayed until July 15.
Read more on thefuture.best: https://thefuture.best/crypto-investors-should-care-about-the-irs-delaying-tax-payments/