On March 21, the Internal Revenue Service (IRS) formally announced the extension of the federal income tax filing and payment deadline from April 15 to July 15 (Treasury Secretary Steven Mnuchin had previously shared the news on his Twitter account on the morning of March 20). This is good news for both individual and corporate taxpayers that are feeling the financial strain of the novel coronavirus pandemic. However, to date, the Commonwealth of Massachusetts has not followed suit—although many other states have.Read More