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IRS Postpones Due Dates for Tax Filings and Payments

by Rob Holcomb, EA, Extension Educator, Agricultural Business Management

On Friday, March 20, 2020, the Internal Revenue Service (IRS) issued Notice 2020-18.  This notice restates and expands upon the relief provided in Notice 2020-17 (released March 18, 2020). 

Notice 2020-17:
This notice provides relief by postponing the due date for certain Federal income tax payments from April 15, 2020, until July 15, 2020. 

Notice 2020-18:
Due to the COVID-19 emergency, the due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, is automatically postponed to July 15, 2020.  There is no need to file extension forms. 

Basically, Notice 2020-17 extended the due date of payments.  Notice 2020-18 restated the extension of the deadline for tax payments AND extended the filing deadline.  I’m listing both notices to try and avoid confusion.

There is no limitation on the amount of the payment that may be postponed. The relief provided is available solely with respect to Federal income tax payments (including payments of tax on self-employment income) and Federal income tax returns due on April 15, 2020, in respect of an Affected Taxpayer’s 2019 taxable year and Federal estimated income tax payments (including payments of tax on self-employment income) due on April 15, 2020, for an Affected Taxpayer’s 2020 taxable year. No extension is provided in this notice for the payment or deposit of any other type of Federal tax, or for the filing of any Federal information return.

Types of returns affected by this provision include an individual, a trust, estate, partnership, association, company, or corporation.

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