At a news conference today, Treasury Secretary Mnuchin announced that the IRS has extended the April 15 deadline to pay taxes by 90 days. Individuals can defer up to $1,000,000 of taxes owed without penalty or interest. Tax returns must still be filed by April 15. The administration is considering delaying the estimated tax payments that self-employed workers and businesses pay to the IRS throughout the year.
Mr. Hendel has been practicing wealth preservation planning for over thirty years.