Filing Extension Details
Notice 2020-18 provides that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.
Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. Please note, the limitations provided in Notice 2020-17 are no longer applicable.
This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. If your client has already
scheduled a payment, at this time the IRS has not provided a way to change the due date. If changes are needed, the only option is to cancel the payment and choose another payment method.
Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline can file an automatic extension to Oct. 15.
This relief is only available for:
- Federal income tax payments (including payments of tax on self-employment income) for a 2019 tax return
- Federal estimated income tax payments (including payments of tax on self-employment income) due on April 15, 2020, for the 2020 taxable year
The IRS posted its Filing and Payment Deadline Questions and Answers page. These Q&As address the federal filing and payment extension to July 15, and include additional information on the extension to Oct. 15, first quarter estimated tax payments, IRAs and HSAs.
- Contributions to IRAs and HSAs have been extended to July 15.
- Second quarter 2020 estimated income tax payments are still due on June 15. First quarter 2020 estimated income tax payments are postponed from April 15 to July 15.
- The relief does not change the estimated tax requirements or estimated tax penalty for 2019.