President Trump announced today that he has ” instructed the Treasury Department and IRS to extend the April 15, 2020 deadline for filing federal income tax returns for those affected by Corona virus.” Since an automatic 6 month extension is and has been available this is not really of drastic import but he also said he would direct the Treasury to “defer tax payments without interest or penalties for certain individuals and businesses negatively impacted.” That is probably the big news in this.
Here is an article in CPA Advisor about it. They say they will be updating this page as more info becomes available so be sure to check back.
And here is another article in Accounting Today