COVID-19 Resource Center

COVID-19 is affecting us all. PKF O’Connor Davies is committed to supporting our staff, clients and the community in grappling with the effects of this global pandemic. Below you’ll find information and resources that may help you make sound, fact-based decisions. We will post updates as news arises that may affect your financial situation, business operations and strategic planning. We encourage you to reach out to PKF O’Connor Davies professionals for ongoing guidance and assistance.

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In response to the many conversations we have had with employers and plan sponsors related to the economic disruption caused by COVID-19, we are providing this comprehensive update.

Treasury Secretary Mnuchin announced today (March 20, 2020) that tax returns for individuals and businesses scheduled to be due April 15, 2020 will, instead, be due on July 15, 2020.

After several days of speculating, Treasury Secretary Steven Mnuchin announced on March 17, 2020 that the IRS will postpone the April 15th tax payment deadline for millions of U.S. taxpayers and, thus, waive interest and penalty charges for 90 days past this date for individual taxpayers who owe up to $1 million in tax and for corporations who may owe up to $10 million.