Tax Deadlines Extended to July 15

IRS extend filing Federal deadline to July 15

The Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. 

Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. 

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868. This additional extension will only be for filing your tax return, not paying. All tax due must be paid by July 15, 2020. Businesses use Form 7004 to request an extension to file. 

The IRS urges taxpayers who are due a refund to file ASAP. The IRS is still issuing refunds and taxpayers can expect to see their money within 21 days. 

We are monitoring the situation closely and will let you know if anything changes. 

The Franchise Tax Board Postpones California Tax Deadlines Until July 15 

To give taxpayers a deadline consistent with that of the Internal Revenue Service (IRS), FTB is postponing the following filing and payment deadlines for all individuals and business entities: 

  • 2019 tax returns 
  • 2019 tax return payments 
  • 2020 1st and 2nd quarter estimate payments 
  • 2020 LLC taxes and fees 
  • 2020 Non-wage withholding payments 

Since California conforms to the underlying code sections that grant tax postponements for emergencies, FTB is extending the relief to all California taxpayers. Taxpayers do not need to claim any special treatment or call FTB to qualify for this relief.