COVID Tax Tip 2020-79, July 2, 2020
As part of its response to COVID-19, the IRS has postponed several tax deadlines until Wednesday, July 15, 2020. These postponements generally apply to all taxpayers with a filing or payment deadline between April 1 and July 15, 2020.
This relief includes individual and corporate quarterly estimated tax payments. Any taxpayer making payments received by July 15, 2020 will not be charged late-filing, late-payment or interest fees.
What taxpayers need to know
- The due date for filing estimated tax forms and paying estimated taxes has been automatically postponed to July 15, 2020.
- Taxpayers who still owe 2019 income tax, as well as estimated tax for 2020, must make two separate payments on or by July 15, 2020: One for their 2019 income tax owed and one for their 2020 estimated tax payments. The two estimated tax payments can be combined into a single payment. The IRS offers several convenient ways to make electronic tax payments.
- Taxpayers do not need contact the IRS or file any forms to receive this relief.
- This relief applies to individuals, trusts, estates, corporations and other non-corporate tax filers.
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