Taxation & Estate Planning

Procrastinators Rejoice - Income Tax Deadlines Extended to July 15, 2020

By Charles Rubin

Recently, income tax return payment deadlines were extended under Notice 2020-17, subject to dollar limitations. This notice has now been superseded by Notice 2020-18. This Notice now extends both income tax payments due, as well as return filings due, on April 15 to July 15. The dollar limitations provided in Notice 2020-17 no longer apply.

Keep in mind this is for income tax relief only, and extends to individuals, trusts, estates, partnerships, associations, companies, and corporations with an April 15, 2020 return filing due date or payment due date.

Now you can keep your tax dollars invested for an additional two months and rack up those stock market gains - if the market will only stop falling, that is.

the extension only applies to federal taxes - states and other localities may be offering their own relief separately.

Stay safe!

Notice 2020-18

Full post as published by Rubin on Tax on March 21, 2020 (boomark / email).