Due To COVID-19 Federal Tax Payment Extended To July

IRS News:

The Internal Revenue Service has extended the federal tax payment deadline to July 15, 2020 due to the COVID-19 pandemic.

This payment relief includes:

Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due.

This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.

Corporations: For C Corporations, income tax payment deadlines are being automatically extended until July 15, 2020, for up to $10 million of their 2019 tax due.

This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.

The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the April 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request a six-month extension to file their return.

Learn more here.

Search
LOS ALAMOS

ladailypost.com website support locally by OviNuppi Systems

Facebook Rss Twitter Youtube

Subscribe to your choice of breaking and/or daily news headlines.

Copyright © 2012-2024 The Los Alamos Daily Post is the Official Newspaper of Record in Los Alamos County. This Site and all information contained here including, but not limited to news stories, photographs, videos, charts, graphs and graphics is the property of the Los Alamos Daily Post, unless otherwise noted. Permission to reprint in whole or in part is hereby granted, provided that the Los Alamos Daily Post and author/photographer are properly cited. Opinions expressed by readers, columnists and other contributors do not necessarily reflect the views of the Los Alamos Daily Post. The Los Alamos Daily Post newspaper was founded Feb. 7, 2012 by Owner/Publisher Carol A. Clark.