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Trump announces extension of tax deadline for coronavirus victims, including businesses

Source: marketwatch.com - Mar 12, 2020

WASHINGTON — President Donald Trump announced Wednesday night that he will instruct the Treasury Department to allow individuals and businesses negatively affected by the coronavirus to defer their tax payments beyond the April 15 filing deadline.

In an address from the Oval Office, Trump said he would use his emergency authority to allow individual taxpayers ad businesses to defer paying their taxes by next month’s deadline if they have suffered adverse effects from the spreading virus.

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Category: General Business