IRS defers tax payment/filing deadline 90 days
The Treasury Department and the IRS have announced special payment relief in response to the COVID-19 pandemic. This information is contained in Notice 2020-17. Key details are as follows:
The income tax payment deadline for individual returns is automatically extended until July 15, 2020 for up to $1 million of 2019 tax due.
Payment relief applies to all individual returns—including self-employed individuals and all entities other than C Corporations (e.g., trusts or estates).
For C Corporations, the income tax payment deadline is also automatically extended until July 15, 2020 for up to $10 million of 2019 tax due.
Tax payment relief also includes estimated tax payments for 2020 that are normally due April 15.
Postponement of tax payments applies to federal returns only.
While payments can be deferred, the filing deadline has NOT been extended. Taxpayers are expected to file returns by April 15, 2020, or file an extension.
The IRS encourages Americans who can file their taxes before April 15, 2020 to do so in order to take advantage of any refund due to them.
Our firm continues to monitor announcements from the IRS regarding additional changes to filing and payment due dates and will keep you informed.
On March 20, Treasury Secretary Mnuchin announced that the tax filing deadline has been extended to July 15, 2020. According to Mnuchin, “All taxpayers and businesses will have this additional time to file AND make payments without interest or penalties.”
Oregon Tax Return Filing/Payment Deadlines Extended
Salem, OR—At the direction of Governor Kate Brown, the Oregon Department of Revenue today announced an extension for Oregon tax filing and payment deadlines for personal income taxes and some other taxes closely following the IRS extension declaration. This move is a result of the governor’s priority to keep Oregonians safe and healthy, while also providing relief and consistency for Oregon taxpayers affected by the federal and state COVID-19 emergency. “The governor’s clearly stated goal is for Oregon families to stay home, save lives,” said Oregon Department of Revenue Director Nia Ray. “After consultation with the state treasurer and state budget officials, the Department of Revenue will extend personal and corporate income tax deadlines during this challenging period.” Under the authority of ORS 305.157, the director of the Department of Revenue has determined that the governor’s state-declared emergency due to the COVID-19 pandemic and the action of the IRS will impair the ability of Oregon taxpayers to take certain actions within the time prescribed by law. Therefore, the director has ordered an automatic extension of the 2019 tax year filing and payment due dates for certain affected taxpayers as indicated below. For personal income taxpayers: • The Oregon return filing due date for tax year 2019 is automatically extended from April 15, 2020 to July 15, 2020. • The Oregon tax payment deadline for payments due with the 2019 tax year return is automatically extended to July 15, 2020. • Estimated tax payments for tax year 2020 are not extended. • The tax year 2019 six-month extension to file, if requested, continues to extend only the filing deadline until October 15, 2020. • Taxpayers do not need to file any additional forms or call us to qualify for this automatic Oregon tax filing and payment extension. • If you have questions about your personal income tax, contact email@example.com. For corporate income/excise taxpayers: • The Oregon return filing due date for tax year 2019 is automatically extended from May 15, 2020 until July 15, 2020. Returns due after May 15, 2020 are not extended at this time. • The Oregon tax payment deadline for payments due with the 2019 return by May 15, 2020 is automatically extended to July 15, 2020. Payments for returns due after May 15, 2020 are not extended at this time. • Estimated tax payments for tax year 2020 are not extended. • Taxpayers do not need to file any additional forms or call us to qualify for this automatic Oregon tax filing and payment extension. Interest and penalties: • Because of the extension of the due dates for filing returns and making payments, any interest and penalties with respect to Oregon tax filings and payments extended by this order begin accruing on July 16, 2020. • No automatic extension is provided in this order for the payment or deposit of any other type of Oregon tax or for the filing of Oregon information returns. Taxpayers can find resources such as forms and publications, information regarding filing as an individual or business, and helpful tools, such as Where’s My Refund and What’s My Kicker, on the Department of Revenue webpage. You can also keep up to date with the latest developments and news surrounding impacts of COVID-19 to your taxes at www.oregon.gov/dor/. You can visit www.oregon.gov/dor to get forms, check the status of your refund, or make payments. You can call 503-378-4988 or 800-356-4222 (toll-free) or email firstname.lastname@example.org for additional assistance. For TTY for hearing- or speech-impaired, call 800-886-7204.
Washington Department of Revenue: Business Relief During COVID-19 Pandemic
The Washing Department of Revenue is taking the following measures to provide relief to COVID-19 impacted businesses during the state of emergency (February 29, 2020, through the end of the state of emergency, yet to be determined). These actions address a broad range of taxes and programs: business and occupation tax, real estate excise tax assessments, leasehold excise tax, forest tax, and tax deferrals for biotechnology and medical device manufacturing. Check back for updates or date extensions. What if I am unable to pay my monthly, quarterly or annual return?We request that businesses still file their returns even if they are unable to pay.
Monthly filers: Request an extension for paying tax returns (even if the request is after the due date) by sending a secure email in your My DOR account or by calling Revenue’s customer service at 360-705-6705, Monday through Friday 8 a.m. to 5 p.m.
New! Quarterly filers: The Quarter 1, 2020 return is now due June 30, 2020
New! Annual filers: The Annual 2019 return is now due June 15, 2020
You may cancel a previously scheduled a tax payment that has not yet been withdrawn by logging into your My DOR account. What if I need to, or have been, working with the Department on a collection related issue?Revenue will delay issuing new compliance assessments until mid-April and reassess then. This delay includes tax warrants, notices of withhold and deliver, and revocations. What if I have a payment plan with the Department? Upon request, Revenue will work with taxpayers that are impacted by COVID-19 to adjust payment plan amounts or extend payment dates 30 to 60 days. If payment is extended, additional penalties that would have normally accrued during the extension period will be waived. What if I am scheduled for an audit or under audit right now?
The Department will delay scheduling audits of businesses that have gross income of less than $5 million in the past year, or are a type of business specifically identified in the Governor’s proclamation, until mid-May. Revenue will reevaluate at that time.
For audits in progress, Revenue staff will work with you to either issue the audit or provide an extension of up to 60 days based on your preference.
Revenue staff will be flexible in scheduling audits of businesses and encourage electronic records to support social distancing.
What about interest?The Department currently has the authority to waive interest through April 17, 2020. Please check back to see if this date gets extended. What should I do if I have a temporary business registration?Businesses with a temporary registration that have had their event cancelled should notify the Department by replying to the original email they received when obtaining their temporary certificate. If you no longer have the original email, you may send a message to email@example.com to cancel your temporary registration. What happens if I am late renewing my business license during this time period? The Department will waive the BLS delinquency fee for late renewals through April 17, 2020. Please check back to see if this date gets extended. Please note that penalties and interest accrued prior to February 29, 2020, will not be waived. There will be no refunds for penalties and interest paid during the state of emergency. What if I'm late renewing my non-profit property tax exemption?The Department will waive penalties for late non-profit applications and renewals for exempt property through April 17, 2020. Please check back to see if this date gets extended. What if I have questions about paying my property taxes?Please contact your local county treasurer. Requesting Relief Businesses can request the relief above by sending a secure email in their My DOR account or by calling Revenue’s customer service staff at 360-705-6705, Monday through Friday 8 a.m. to 5 p.m. We request that businesses still file their returns even if they are unable to pay. Temporary Office Closures Our offices are temporarily closed to support the state’s efforts to fight the spread of the novel coronavirus. All of the in-person services provided at DOR offices are available online at dor.wa.gov. Online Filing and Call Center Assistance All of our services are available remotely. My DOR is up and running and available 24/7 for online filing. Our call center agents are ready to offer their assistance at 360-705-6705, Monday through Friday 8 a.m. to 5 p.m. If you recently received something from us and need special assistance, please contact us. We are here to help! Resources for Washington businesses & workers impacted by COVID-19
State of California Franchise Tax Board: COVID19 FAQ
What business entities qualify for the July 15, 2020, extended deadline to file and pay taxes? The new extensions apply to any business entity with a California return or payment due between March 12 and July 15. This includes Corporations, S-Corps, LLCs, Partnerships, and other entity types with returns or payments due during this period. Visit COVID-19 Extensions to file and pay for more information. How does FTB define who is “affected by the COVID-19 pandemic”? How would they need to demonstrate this? All California taxpayers are considered affected taxpayers if they have an income tax return filing or payment due date between March 12, 2020 and July 15, 2020. If your original due date to file precedes the first day of the March 12, 2020 postponement period but your extended due date falls within the postponement period of March 12, 2020 to July 15, 2020, is the extended due date now July 15, 2020? Yes, the filing will be considered timely if you file your return on or before July 15, 2020 , the end of the postponement period. If you did not timely pay the tax by the original due date that preceded March 12, 2020 (first date of the postponement period), you will be subject to applicable penalties and interest that continue to accrue during the postponement period. Will my scheduled payment automatically be rescheduled to the tax deadline? Scenario: You e-filed your 2019 personal income tax return. You scheduled a payment for 4/15/2020 through your bank account. Will your payment be automatically rescheduled to the new tax payment due date, 7/15/2020? Answer: No, your payment will not be automatically rescheduled to 7/15/2020. Unless you cancel it, the payment will still be processed on the scheduled payment date. To cancel the payment, contact us: Phonee-file Help Desk (916) 845-0353 Weekdays, 8 AM to 5 PM You must cancel your payment at least 2 business days before your scheduled payment. If your scheduled payment is on April 15, you must cancel the payment by April 13. We suggest you call us even sooner to cancel your payment. Visit Pay by bank account (Web Pay) to reschedule your payment. If you have a MyFTB account, you can also log in and make a bank account payment through Web Pay. Note: If you meet themandatory e-paymentrequirement, you must pay electronically. How do I postpone my scheduled estimated tax payments to the new tax deadline? Scenario: I already e-filed my 2019 business income tax return. I have scheduled automatic payments from my bank account on the standard due dates. How do I postpone my 1st and 2nd quarter payments to the new deadline on 7/15/2020? Answer: You must cancel your payments and reschedule new payments. To cancel the payment, contact us: Phonee-file Help Desk (916) 845-0353 Weekdays, 8 AM to 5 PM You must cancel your payment at least 2 business days before your scheduled payment. We suggest you call us even sooner to cancel your payment. Visit Pay by bank account (Web Pay) to reschedule your payment. If you have a MyFTB account, you can also log in and make a bank account payment through Web Pay. Note: If you meet themandatory e-paymentrequirement, you must pay electronically. I mailed a check that hasn’t been processed yet. Can I cancel my payment? We recommend that you do not cancel your check – you may incur fees. We can't return any checks you've sent. Can I visit one of your Field Office Public Counters to make a payment or for tax help? At this time, all of our Field Office Public Counters in Los Angeles, San Diego, Santa Ana, Oakland and Sacramento are closed. If you need help, use our website to find your answer online. If you need to make a payment, visit Pay by bank account (Web Pay). If you have a MyFTB account, you can also log in and make a bank account payment through Web Pay. Thank you for your patience during this challenging time.