Tax Day Extension Deadline Looms As Millions Remain Unemployed

The video discusses the impact of the COVID-19 pandemic on tax filing, highlighting safety measures like social distancing. It addresses challenges faced by taxpayers, such as unemployment and financial difficulties, and explains the IRS's stance on tax extensions, penalties, and payment plans. The IRS is dealing with a backlog of paper returns but is prioritizing processing. Interest will be paid on delayed refunds.

How is the IRS addressing the backlog of paper returns?

What potential benefit might taxpayers receive for delayed returns?