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    More on Federal Filing Due Date

    The IRS has issued Notice 2020-18, which supersedes Notice 2020-17.

    The notice confirms that all income tax payments or federal income tax returns due April 15, 2020 are automatically extended to July 15, 2020.  Taxpayers do not have to file an extension request, and there is no limitation on the amount of the payment that may be postponed.  For this purpose, payments due on April 15, 2020 include both balances due for the 2019 tax year and estimated tax payments due for the first quarter of the 2020 tax year.

    The deferral of the due date for estimated tax payments for the first quarter of 2020 from April 15, 2020 to July 15, 2020 does not address estimated tax payments for the second quarter of 2020.  Therefore, at the moment, it appears that estimated tax payments for the second quarter of 2020 will still be due on June 15, 2020. (Update: The IRS deferred the due date for second quarter estimated tax payments in Notice 2020-23.  See our post on April 14, 2020.)

    It is expected that state governments will offer similar relief for state income taxes. 

    The information provided herein is provided with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional service. As such, M + O = CPE, Inc. and the author disclaim any responsibility or liability for the information supplied herein or the application of said information.