The U.S. Treasury Department today announced that the income tax filing deadline is delayed until July 15, 2020.

Treasury Secretary Steve Mnuchin said all taxpayers and businesses are allowed more time to file and make payments without interest or penalties.

In Minnesota, the MNCPA is advocating for the Minnesota Department of Revenue (DOR) to take similar action. At this point, the DOR does not have guidance. DOR Commissioner Cynthia Bauerly is expected to offer an update in the coming days, after they determine if a change may require legislation from lawmakers.

The tax deadline delay follows Gov. Tim Walz's announcement that the state moved the March 20 deadline for February sales tax remittances to April 20 for those businesses identified in Executive Order 20-04

It goes without saying that developments are happening quickly. We'll keep providing pertinent updates as they become available. You can also follow our blog where we're compiling the latest information CPAs need to know during this uncertain time.

Sincerely,

Geno Fragnito
Director of Government Relations