04/10/2020

Tax Deadlines Extended for Individuals, Trusts and More

The COVID-19 crisis is leading to major deadline changes

In March, the Internal Revenue Service (IRS) gave taxpayers an additional two months to file and submit tax payments, moving the deadline from April 15 to July 15, 2020. Those who utilize the extension will not face penalties or interest.

Now, the IRS is extending additional tax deadlines for individuals, trusts, estates, corporations and other non-corporate entities, essentially giving any American (including those living and working abroad) until July 15, 2020, to file federal returns and pay associated taxes.

Some of the additional deadline extensions communicated in IRS Notice 2020-23 can be found below. 

Please select this link to read the complete blog post from Clark Schaefer Hackett.