IRS Extends More Tax Deadlines

Chris Gaetano
Published Date:
Apr 10, 2020

The IRS has announced a new set of tax deadline extensions in response to the major disruptions caused by the COVID-19 pandemic. While the IRS had previously extended the filing and payment deadline from April 15 to July 15, the relief had generally applied only to federal income taxes. The new IRS announcement extends this relief to additional returns, tax payments and other actions. It says that, generally, all filings and payments for individuals, trusts, estates, corporations and other noncorporate tax filers qualify for the extra time. This means that anyone, including Americans who live and work abroad, can wait until July 15 to file their 2019 federal income tax return and pay any tax due.

This relief is automatic; affected taxpayers do not have to call the IRS or file any extension forms, or send letters or other documents to receive this relief. However, affected taxpayers who need additional time to file may choose to file the appropriate extension form by July 15, 2020, to obtain an extension to file their return, but the extension date may not go beyond the original statutory or regulatory extension date. In addition, an extension to file is not an extension to pay any taxes owed.

Shortly after the IRS's initial announcement regarding income tax filing and payment relief, New York state announced it would be following the federal government in this measure; it is currently unknown whether the state will also follow the IRS in this most recent announcement. The Trusted Professional will update this story in the event of new information.

Click here to see more of the latest news from the NYSSCPA.