With the uncertainty surrounding COVID-19, at Woodruff Accounting we want to keep you informed with the latest changes from state and federal agencies that impact your taxes.

Federal Taxes

At 10:04 am on Friday, March 20, US Treasury Secretary Steven Mnuchin announced that both the payment and filing deadlines for federal income tax returns have been moved to July 15th, giving individuals, businesses, and tax preparers additional time to submit returns. No interest or penalties will be applied to payments made by July 15th.

Read the news update from CNBC here. 

South Carolina:

The SC Department of Revenue (SCDOR) announced on March 17th that tax returns and payments due between April 1 and June 1 are now due on June 1, 2020, with no interest or penalties applied to payments made by June 1. This provision includes South Carolina Individual Income Taxes, Corporate Income Taxes, Sales and Use Tax, Admissions Tax, Withholding Tax, and other taxes administered by the SCDOR. Read the full news release from the SCDOR here.

We will continue to update this page as news unfolds. Let us know how we can assist with your tax needs at any time at woodruffacct@gmail.com, or book a phone appointment on our website using the Book Appointment tab.