US Treasury, IRS Publish Guidance on Deferring Tax Payments Amid COVID-19 Outbreak

The U.S. Treasury and the IRS published guidance on how individuals and corporations can defer tax payments until mid-July.

File photo of Treasury Secretary Steven Mnuchin testifying on Capitol Hill in Washington, on Feb. 12, 2020. Reuters/Yuri Gripas

The U.S. Treasury and the Internal Revenue Service (IRS) on March 18 published guidance on how individuals and corporations can defer tax payments until mid-July, a measure announced by Treasury Secretary Steven Mnuchin in response to the outbreak of the CCP virus.

The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic.