On March 27, 2020, Governor Whitmer issued Executive Order 2020-26 extending the filing and payment deadline for 2019 State of Michigan income taxes. The order contains additional relief.
State Income Tax Filing and Payment Deadline Extended to July 15. The April 15, 2020 due date to file and pay State of Michigan annual income taxes has been extended to July 15, 2020, the same date now applicable to 2019 federal income taxes.
Estimated Tax Payment Also Extended. The order also extends to July 15, 2020 estimated state income tax payments that would otherwise be due April 15, 2020.
No Interest or Penalties in Extension Period. The order suspends interest and penalties in the period before July 15 that would otherwise be incurred for failure to file a return or pay state income taxes. Interest and penalties will be applied to any amount owing after July 15, 2020.
Taxpayer to Receive Interest on Refund Amounts. The order provides that interest in an amount set by statute will be added to a refund of over-payments issued to a taxpayer, beginning 45 days after the date of filing or the extended due date, whichever is later.
Relief Also Applies to City Taxes. The order provides the same filing and payment extension, as well as interest and penalty relief, to taxpayers required to pay city income tax. Certain city returns otherwise due April 30, 2020 have been extended to July 31, 2020.
John D. Gatti is a Certified Public Accountant as well as an attorney. He concentrates his practice in the areas of taxation, mergers and acquisitions, business law, real estate law, and estate planning. John also serves as the firm’s administrative partner and chairs the firm’s Taxation Practice Group. He has considerable experience representing professional services firms. These include accounting, engineering, and architectural firms, as well as insurance agencies, in purchase and sale transactions.
Liam K. Healy has a broad range of experience in business law and business tax matters. His practice in this area includes plan design strategies to achieve the maximum allowable contributions for the business owner clients. He also prepares determination letter applications and represents clients in IRS and Department of Labor audits. Liam also practices in the areas of employee benefits and ERISA. He regularly writes and speaks on the practice of tax and employee benefits law.
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