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COVID19 RESOURCE HUB

COVID-19 Relief – The IRS Extends Tax Filing and Payment Deadline

March 27th, 2020

The IRS has announced that our new Tax Day is now July 15. The Treasury and IRS have extended the filing deadline and federal tax payments, regardless of total.

https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed

https://www.irs.gov/coronavirus

First-quarter 2020 Federal estimated income taxes are now postponed from April 15 to July 15, 2020. Note that second-quarter 2020 estimated income tax payments are still due on June 15, 2020.

HSAs, MSAs, IRAs, and workplace-based retirement plans contribution deadline for 2019 is also extended to July 15, 2020.

https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers

For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020, are now suspended.

Liens, levies, and seizures initiated by field revenue officers will be suspended during this period. However, field revenue officers will continue to pursue high-income non-filers and perform other similar activities where warranted.

New delinquent accounts will not be forwarded by the IRS to private collection agencies to work during this period.

https://www.irs.gov/newsroom/irs-unveils-new-people-first-initiative-covid-19-effort-temporarily-adjusts-suspends-key-compliance-program


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