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IRS Deadlines Postponed

2020 – 06/01 The IRS has postponed deadlines for time-sensitive actions with respect to certain employment taxes, employee benefit plans, exempt organizations, IRAs, Health Savings Accounts (HSAs) and Coverdell education savings accounts due to the ongoing COVID-19 pandemic. Some of the tax deadlines extended to July 15, 2020, include employers correcting employment tax underpayments or overpayments and exempt organizations filing Form 990-N. An Aug. 31, 2020, deadline has been set for filing Form 5498, IRA Contribution Information, Form 5498-ESA, Coverdell ESA Contribution Information, and Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information. For more information: http://bit.ly/36RMLt6

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