IRS Defers Tax Filing and Payment Dates Due to Coronavirus Concerns
On March 20, the Internal Revenue Service (“IRS”) released Notice 2020-18 (“Notice”), which extends the deadline for payments and filing of federal income taxes for the 2019 taxable year as well as any estimated income tax payments for the 2020 taxable year that would have been due on April 15, 2020. The Notice, made as part of the White House’s response to the ongoing coronavirus disease 2019 pandemic, pushes the due date for federal income tax filings and payments to July 15, 2020. The new rules are promulgated under authority granted to the IRS by President Trump’s issuance of an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.