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IRS Provides Additional Taxpayer Relief for COVID-19

Published on April 10, 2020
IRS Provides Additional Taxpayer Relief for COVID-19

On April 10, the IRS released Notice 2020-23, providing additional relief to taxpayers affected by the coronavirus pandemic. Among other things, the notice automatically extends several Housing Credit and tax-exempt bond deadlines referenced in IRS Revenue Procedure 2018-58.  The notice also extends the 180-day deadline to invest capital gains in a Qualified Opportunity Fund to July 15 for taxpayers with a deadline between April 1 and July 15.

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