Thursday, March 19, 2020

Relief as to Tax Payment Dates But Not Filing Deadline



IRS Provides Relief as To April 15 Tax Payment Dates;
No Relief as To April 15 Filing Deadline

Yesterday the Internal Revenue Service issued Notice 2020-17, it providing that final 2019 tax payments that would otherwise be due April 15, 2019 (subject to extension) and estimated tax payments for 2020 likewise due April 15, 2020, will not be doing owing until July 15, 2020.  
The IRS has not, notwithstanding repeated requests from various organizations including the American Society of CPAs, extended the April 15, 2020 general due date for 2019 tax returns.  
These rules apply to federal taxes; you will need to check as to each state in which you file to see if similar relief is being granted.

Postscript: On Friday, March 20, it was announced (HERE IS A LINK) that the due date for federal tax returns is being pushed back to July 15.  Whether and how the states will conform their filing deadlines remains to be seen.

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