IRS Expands Filing and Payment Deadline Relief

Now due on July 15, 2020:

  • 2019 Form 1040
  • 2019 Form 1040 Balance Due Payments
  • First Quarter Individual 2020 Estimated Payments
  • Second Quarter Individual 2020 Estimated Payments

Taxpayers were granted additional, broad tax filing and payment deadline relief by the IRS late on Thursday, in line with relief requested by the AICPA over the past several weeks amid the coronavirus pandemic. The new relief, issued in Notice 2020-23, applies to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020, including individuals, trusts, estates, corporations, and other noncorporate tax filers, and that period will be disregarded by the IRS in calculating any interest, penalty, or addition to tax for failure to file the forms specified in the notice.

Notice 2020-23 grants automatic relief to affected taxpayers — they do not have to file extensions or send documents to the IRS to obtain relief. The relief encompasses forms and their related schedules and attachments and applies to time-sensitive acts listed in Regs. Secs. 301.7508A-1(c)(1)(iv) through (vi) and Rev. Proc. 2018-58 (including, for example, Form 990, Return of Organization Exempt From Income Tax, and Form 5500, Annual Return/Report of Employee Benefit Plan).

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