Detailed Multistate Development
In the last week, a number of jurisdictions have issued guidance for taxpayers on extensions of time to file and pay upcoming state and local taxes, as well as additional information on matters such as agency shutdowns and suspensions of time to file protests, etc. As this situation is extremely fluid, we expect more guidance will be forthcoming in the next few days. Further, it is likely that initial guidance will be revised as the state of emergency fluctuates. Rather than report each and every state and local update in TWIST, we are providing a link to a cumulative summary of the jurisdictions that have recently issued guidance on extensions of time for filing and payment of income, sales and/or other state taxes, or penalty relief in light of COVID-19. We have also provided a link to the state website where the guidance is housed. As states start issuing guidance on important tax issues, or tax relief legislation aimed at businesses, we will of course cover those in TWIST. Thank you for reading and stay well.
This Week's Developments