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California Companies Defer Billions in Taxes, Interest-Free, as Borrowing Costs Rise

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Thanks to disaster relief offered by the IRS, companies in California have been allowed to put off this year’s federal tax payments until October. It’s helped plump some balance sheets.

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https://www.wsj.com/articles/california-companies-defer-billions-in-taxes-interest-free-as-borrowing-costs-rise-8aea409fThanks to disaster relief offered by the IRS, companies in California have been allowed to put off this year’s federal tax payments until October. It’s helped plump some balance sheets

 

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