IRS Extends More Tax Deadlines for Individuals and Businesses

April 10, 2020

The Department of the Treasury and IRS have announced that Notice 2020-23 extends additional key tax deadlines for individuals and businesses. This is expanded from last month’s IRS announcement that taxpayers generally have until July 15, 2020 to file and pay federal income taxes originally due April 15, 2020. The notice expands this relief to additional returns, tax payments and other actions.

The extensions generally now apply to all taxpayers with a filing or payment deadline on or after April 1, 2020 and before July 15, 2020. This includes individuals, trusts, estates, corporations and other non-corporate tax filers. In short, anyone, including Americans who live and work abroad, can now wait until July 15 to file their 2019 federal income tax return and pay any tax due.

Besides the April 15 estimated tax payment previously extended, Notice 2020-23 also extends relief to estimated tax payments due June 15, 2020. Any individual or corporation with a quarterly estimated tax payment due on or after April 1, 2020 and before July 15, 2020 can wait until July 15 to make the payment without penalty.  

For 2016 tax returns, the normal April 15 deadline to claim a refund has also been extended to July 15, 2020.