IRS, Treasury Expand Tax Deadline Extension for 2019 Taxes

The filing and payment extension to July 15th aims to provide relief during COVID-19 crisis

This blog post was previously published on March 19, 2020. It was updated on April 13, 2020.  

More U.S. taxpayers will see temporary relief from tax payment and filing pressure this year.

On April 9, 2020, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released Notice 2020-23, which further expanded previously announced tax deadline extensions to cover additional returns, tax payments and other actions. The payment and filing extensions to July 15th generally now apply to all taxpayers (individuals, trusts, estates, corporations and other non-corporate tax filers) who have a deadline on or after April 1, 2020, and before July 15, 2020.

In March, the Treasury and IRS announced an automatic payment and filing extension of July 15, 2020, for federal income tax payments due on April 15, 2020, sans penalties or interest. Per Notice 2020-23, first and second quarter estimated tax payments, as well as several other payments and forms, are also extended to July 15th. Individuals or businesses who need more time to file beyond July 15th can request an additional extension; however, the further extension will only extend the time to file, not to pay. All payments should be made by July 15th to avoid penalties and interest.

Visit  IRS.gov/coronavirus to stay up to date on the latest IRS tax updates related to COVID-19, including an FAQ on filing and payment deadlines.

If you have questions about how these changes may affect you or your business, contact a member of your Kaufman Rossin tax team.