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IRS Posts Further Guidance on Postponement of US Federal Income Tax Filing and Payment Deadline

In a series of FAQs posted on its website, the Internal Revenue Service has now provided guidance on a number of additional issues related to the postponement of the federal income tax filing and payment deadline until July 15, 2020, as previously provided for by the US federal government in connection with the COVID-19 pandemic.  The following are some of the highlights of those FAQs:

  • You do not need to be sick, quarantined or have any other impact from the COVID-19 virus in order to benefit from the delayed tax and filing deadline, you only need to be an individual, trust, estate, corporation or any type of unincorporated business entity with a tax return and/or payment due on April 15, 2020.

  • You do not need to make any filings or contact the Internal Revenue Service to qualify for the tax payment and filing relief.

  • The tax relief applies to the filing and payment of tax on the following federal tax forms – Forms 1040, 1040-SR, 1040-NR, 1040-NR-EZ, 1040-PR, 1040-SS, 1041, 1041-N, 1041-QFT, 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120- POL, 1120-REIT, 1120-RIC, 1120-SF, 8960 and 8991.

  • Forms 990-T that are due to be filed on April 15, 2020 have been delayed until July 15, 2020, but not Forms 990-T that are due May 15.

  • Tax returns due on March 16, 2020, including Forms 1065, 1065-B, 1066 and 1120-S, have not been postponed.

  • Normal filing, payment and deposit dates apply to payroll and excise taxes as well as to estate and gift taxes and information returns.

  • Second quarter estimated tax payments are still due on June 15, 2020.

  • The deadline for making contributions to Individual Retirement Accounts, Health Savings Accounts or Archer Medical Savings Accounts for 2019 is also extended to July 15, 2020.

  • Taxpayers unable to file their federal income tax by the new July 15, 2020 deadline may still apply for an automatic extension of the time to file until October 15, 2020, as long as the extension request is filed by July 15, 2020 and, in order to avoid interest and penalties, the proper amount of estimated taxes for 2019 is included with that extension request.

  • State filing and payment requirements are not affected by the federal action and taxpayers should check with local state agencies for details regarding any applicable state action.

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About this Author

Peter Gruen tax lawyer Wiggin Dana

Clients with challenging tax and business transaction concerns seek out Peter because of his seasoned counsel and knowledge in the ever-changing world of tax law. As Chair of the firm's Business and Real Estate Tax Practice Group, Peter has extensive experience in state and federal tax planning and litigation, as well as deep transactional experience in tax issues involving mergers and acquisitions, reorganizations, entity formation, consolidated returns, low-income housing and historic tax credits, and international tax planning for the firm's foreign and domestic...