
Robert W. Nelson
Member
Expertise
- International Law & Trade Regulation
- Health Care
- Family Business Transition Team
- Estate Planning & Administration
Dykema
Texas, U.S.A.
IRS Extends 2020 Tax Filing and Tax Payment Deadlines, But Not 2021 Estimate Dates
Dykema, March 2021
In News Release IR-2021-59, published on March 17, 2021, the IRS and Treasury Department announced that the Federal income tax filing due date for individuals for the 2020 tax year is automatically extended from April 15, 2021, to May 17, 2021. Individual taxpayers can also postpone Federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalty or interest regardless of the amount owed...
IRS Issues Guidance for COVID-19 Related Mortgage Loan Forbearance and Modification
Dykema, April 2020
On April 13, 2020, the Internal Revenue Service (the “IRS”) issued Revenue Procedure 2020-26 (the “Revenue Procedure”) providing guidance to lenders and loan servicers offering relief to borrowers with federally-backed residential and multifamily mortgage loans, including relief mandated under the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136 (the “CARES Act”), as well as similar state programs...
Partnerships Are Eligible for Relief
Dykema, April 2020
On April 8, 2020, the Internal Revenue Service (the “IRS”) issued Revenue Procedure 2020-23, which allows eligible partnerships to file amended partnership returns for taxable years beginning in 2018 and 2019 in order to take advantage of the various tax incentives provided under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”)...
© Dykema, 2021