May 1: The Treasurer and the Tax Collector of San Francisco announced on May 1 that the property tax payment deadline for the second tranche would be extended until May 15 due to the COVID-19 pandemic. For more information, click here. March 24: For sales taxes and user fees, the state issued a statement saying it would not extend the deadlines. However, for companies that have difficulty paying turnover taxes, the state provides assistance in the form of short-term payment agreements and, in most cases, non-penalties and interest. Taxpayers should contact the enforcement hotline at 800-252-8880 to learn more about opportunities to comply with the rules and avoid interest and late fees for taxes due. For more information, click here. Personal Income Tax – The tax reporting deadline is tied to the federal deadline, so the state automatically links to any changes issued by the IRS. Penalties may be imposed on grounds which are not subject to the control of the taxable person. The estimated payment terms for income tax are not renewed, but the department may waive interest if the taxation of interest was contrary to justice and good conscience. Do you think there is a reasonable reason to reduce penalties or interest? If so, you may request a waiver or reduction of some or all of the fine and interest charges. Please note that the department does not usually waive interest charges. 13. March: For sales/use tax, the Minnesota Department of Revenue grants an additional 30 days for sales and use tax for businesses identified in Executive Order 20-04.
During this period, the department will not impose penalties or interest. For more information, click here. March 30: The Louisiana Department of Revenue (DOR) has decided: (1) it will automatically waive the fine for any underpayment of estimated individual income and corporate tax, which is otherwise due for April 15 and June 15 returns, provided that 90 percent of last year`s corresponding payment amount is paid in a timely manner; (2) Any late election of a company to be passed to pay taxes on its income for the 2019 fiscal year, which was submitted before the 16th shall be deemed to have been filed in good time; and (3) extends by thirty days the time limit for a transfer of a tax credit or for the execution of a binding agreement to transfer such a credit by 30 days for tax and deductible returns, initially due between March 1 and May 30. . . .