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Lower Merion July 15th Business Tax Deadline

  |   Businesses in the District   |   No comment

 

Earlier this year, the Township passed a resolution to delay its business privilege tax filing deadline from April 15th to July 15th in order to provide additional time for our local businesses to pay their business taxes and to mirror the IRS deadline for income tax filings. The July 15th business tax filing deadline is next Wednesday.

All Township businesses are encouraged to pay the tax due and to file by the July 15th deadline to remain compliant and avoid additional penalty and interest costs.

If a local business needs additional time, it should request an extension in writing and send in a payment for at least 80% of the business tax amount due to avoid the 10% penalty for late payments.

Business Taxpayers approved for an extension, would then have until October 15, 2020 to file a final business tax return and reconcile any further business tax amount due.

 

If you have questions about the upcoming business tax filing deadline please email businesstax@lowermerion.org for assistance.

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