IRS Extends Deadline for Additional Forms

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In an effort to provide additional relief to taxpayers affected by the coronavirus, the IRS has extended tax deadlines for individuals and businesses. (Notice 2020-23)

Last month, the IRS announced that taxpayers generally have until July 15 to file and pay Federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due.

The latest notice, provides relief to taxpayers that have a filing/payment deadline falling on or after April 1, 2020, and before July 15, 2020. Returns and forms eligible for relief include:

  • Individuals – Form 1040, 1040-SR, 1040-NR, 1040-NR-EZ, 1040-PR, 1040-SS
  • Estates & Trusts – Form 1041, 1041-N, 1041-QFT
  • Partnerships – Form 1065, 1066
  • Corporate – Form 1120, 1120-S, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-SF
  • Annual Return / Report of Employee Benefit Plan – Form 5500
  • Estate & GST – Form 706, 706-NA
  • Gift & GST – Form 709
  • Net Investment Income – Form 8960
  • Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts – Form 8991
  • Return of Organization Exempt from Income Tax – Form 990
  • Exempt Organization Business Income – Form 990-T
  • Excise Tax Payments on Investment Income – Form 990-PF, Form 4720
  • Quarterly estimated income tax payments – 1040-ES, 1040-ES (NR), 1040-ES (PR), 1041-ES. 1120-W, 990-W

For more information, visit the IRS website.

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