Yes, Uncle Sam gave you more time to pay those 2019 taxes and submit last year's returns. However, there's no reprieve for people who owe from 2018 and 2017 -- and those sums are accruing interest.
The IRS and Treasury gave taxpayers more time to pay 2019 taxes owed and file their returns. Both are due on July 15.
Currently, the taxman isn’t processing individual paper tax returns. Amended returns are required to be submitted on paper, so you’ll have to wait to send them off. Owe the IRS from a prior year? Pay them now online. Expect a refund from a prior year? You’ll have to sit tight and file on paper first.The IRS isn't processing paper returns right now as they deal with distributing coronavirus stimulus checks.
While that's not an issue for most taxpayers, who currently have until July 15 to turn in their 2019 federal income tax returns and pay any amounts owed, it is a big problem for people who have to file amended returns. These can only be processed on paper. The solution: if you owe something for prior years, pay it now as penalties and interest continue to pile up.
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