Tax Deadlines

COVID-19 Update: The 5 things you need to know about the extended tax deadline.

Amid the disruption to regular life from COVID-19, the Internal Revenue Service (IRS) on Friday March 20, 2020 pushed back the tax filing deadline for Individuals (Form 1040), Estates and Trusts (Form 1041) and Corporations (Form 1120) for ninety days to July 15, 2020. The IRS had previously announced that tax payment deadline for taxes due to the federal government has also been extended for ninety days for certain individuals and corporations, this has now been expanded and applies to all individual, trust and estate and corporations. and taxpayers have until July 15, 2020 to pay the taxes they owe without interest or penalties.