The IRS has now officially extended the tax federal income tax filing deadline from April 15, 2020 to July 15, 2020.

Although the deadline is extended, we urge all of our tax clients to continue gathering and sending us 2019 tax information now.  For those clients that will receive refunds, filing sooner will get much needed money back into your pockets and into the economy.  For those owing taxes, preparing returns now will allow at least 90 days to financially plan for payments. 

As a reminder:

• All of our office locations remain open, so you can continue to drop off information locally.  It will be scanned daily and available to our remote professional staff.
• In lieu of drop offs, we encourage the use of electronic mediums to share information with us virtually via Email, Client Portals and Sharefile.
• We won’t be available for in person meetings, but our staff will all be available by phone or video-conferencing to discuss your information, questions and planning ideas.
• We plan to deliver all completed tax returns to you electronically.  This will include the E-file authorization forms, which you will be able to sign and return to us electronically.
• If you are unable to receive things electronically, we will mail hard copies to you by request.
• We will be available by phone to answer any questions you may have about your completed tax return and assist you step by step in completing the filing process.

PRESS RELEASE

Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

IR-2020-58, March 21, 2020

WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868. Businesses who need additional time must file Form 7004.

The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days.

“Even with the filing deadline extended, we urge taxpayers who are owed refunds to file as soon as possible and file electronically,” said IRS Commissioner Chuck Rettig. “Filing electronically with direct deposit is the quickest way to get refunds. Although we are curtailing some operations during this period, the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds.”