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New Member
posted Mar 18, 2020 7:04:02 AM

How are we expected to pay taxes and we are laid off . What help are we getting in the area ?

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1 Replies
Expert Alumni
Mar 18, 2020 7:36:58 AM

Taxpayers with balances due on returns will have ninety (90) days under current proposed regulations to pay without penalties or interest.  We do not yet know if this includes additional time to file tax returns or the mechanics of the regulation. 

 

Since the regulation is still in proposed form and was only proposed to Congress on March 17, 2020, TurboTax is not yet set up to handle set up electronic payments with dates after April 15, 2020. 

 

However, TurboTax customers can select the option to pay by check and mail-in payments at a later date.  

 

This situation is still currently quite fluid and we are posting updates related to the situation in THIS centralized location.