IRS and State Tax Filing Deadlines

IRS and State Tax Filing Deadlines

As COVID-19 affects many people in the United States, recent Federal legislation and certain States are offering relief to taxpayers.  The Federal government and California have extended the due dates for income tax returns (and gift tax returns) and 1st Quarter estimated tax payments originally due on April 15, 2020 to July 15, 2020.  Taxpayers who have tax return or payment due dates other than April 15th will not be granted relief at this time. Additionally, the deadlines form making 2019 contributions to Individual Retirement Accounts, Health Savings Accounts, and Archer Medical Savings Accounts have also extended to July 15th.

However, at this time, 2nd quarter estimated tax payments for the 2020 tax year are still due on June 15, 2020 for Federal purposes, but extended to July 15th for California purposes.

If you are unable to file your returns by July 15, 2020, an extension request must be filed. Extensions will be granted through October 15, 2020 for individuals, gift tax returns, and C-Corporations, September 30, 2020 for trusts, and September 15, 2020 for partnerships and S-Corporations.

As mentioned above, some states have also provided extensions for tax return and payment due dates, but each state is making their own decision.  Some states that we are aware, listed below, have granted an extension for filing tax returns and payments (note that there are different dates than the Federal due date of July 15th):

Idaho – June 15th, 2020

Iowa – July 31st, 2020  

Oregon – July 15th, 2020

Mississippi – May 15th, 2020

Many other states are working to pass legislation that allows for taxpayer relief for tax return and payment due dates.  As such, this remains an evolving situation.  We will continue to do our best to track the proposed adjustments and determine if any of the changes to state filing due dates will impact your tax situation.

If you have any questions about the above, feel free to reach out to your DKC representative for more information.



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