Taxing Times: What Does The Filing Extension Mean For Taxpayers?

The video discusses the extension of the federal income tax filing deadline to May 17 due to the pandemic, while emphasizing that refunds are not expected to be delayed. It highlights that the extension applies only to federal taxes, not state taxes, although some states have extended deadlines due to winter storms. The deadline for quarterly tax payments for small businesses remains April 15. For more information, viewers are directed to visit a specific website.

What is the new deadline for filing federal income tax returns due to the pandemic?

• July 15th

• April 15th

• May 17th

• June 15th

Which of the following is true about the federal tax deadline extension?

• It includes quarterly tax payments for small businesses.

• It only applies to federal taxes.

• It applies to both federal and state taxes.

• It delays the processing of refunds.

Which states have been given extra time to file state taxes due to winter storms?

• California and Nevada

• Louisiana, Texas, and Oklahoma

• Florida and Georgia

• New York and New Jersey

What is the deadline for small business owners to make quarterly tax payments?

• April 15th

• May 17th

• June 15th

• July 15th

Where can taxpayers find more information about the 2020 tax season?

• federaltaxes.com

• irs.gov

• taxseason.com

• newsy.com/taxingtimes