For a taxpayer with a federal income tax return or a federal income tax payment due on April 15, 2020, the due date for filing and paying is automatically postponed to July 15, 2020, regardless of the size of the payment owed. The relief is for:
- Federal income tax payments (including tax payments on self-employment income) for the 2019 tax year, and
- Federal estimated income tax payments (including tax payments on self-employment income) due on April 15, 2020, for the 2020 tax year.
Note: You don't have to be sick, or quarantined, or have any other impact from COVID-19 to qualify for relief. You only need to have a federal income tax return or payment due on April 15.
After the IRS announced the relief described above, the tax agency released details of other relief that is available to certain taxpayers.
What About Other Federal Taxes?
According to FAQs posted on the IRS website, no deferred payment relief has yet been offered for federal payroll taxes, federal estate and gift taxes, or federal excise taxes (as of March 25, 2020).
Exactly Which Tax Returns Can Be Deferred?
The IRS stated that the deadline to file the following returns that would otherwise be due on April 15 is postponed to July 15:
- 2019 Form 1040 individual federal income tax returns,
- 2019 Form 1120 federal income tax returns for C corporations that use the calendar year for tax purposes, and
- 2019 Form 1041 federal income tax returns for trusts and estates that use the calendar year for tax purposes.
What About Other Federal Tax Returns?
The filing deadlines for federal payroll tax returns, federal estate and gift tax returns, federal excise tax returns, and federal information returns (such as W-2s and 1099s) are unchanged (as of March 25, 2020).
What about the IRA and HSA Contribution Deadlines?
The IRA and health savings account (HSA) contribution deadlines for the 2019 tax year are also postponed until July 15.
What About Estimated Federal Income Tax Payments Due on June 15?
No relief has yet been offered to taxpayers with June 15 deadlines for making their second quarterly estimated federal income tax payments for the 2020 tax year (as of March 25, 2020).
What About Extending 2019 Returns Beyond July 15?
According to the IRS FAQs, you must follow the normal procedure to extend a calendar-year federal income tax return for 2019 that would now otherwise be due on July 15 (as of March 25, 2020). That involves individuals filing Form 4868 (Form 7004 for C corporations and trusts and estates).
California has pushed its tax filing and payment deadline to July 15, waive interest and late filing and late payment penalties.
FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for:
- 2019 tax returns
- 2019 tax return payments
- 2020 1st and 2nd quarter estimate payments
- 2020 LLC taxes and fees
- 2020 Non-wage withholding payments