The information below includes releases issued by BenderCPA during the COVID-19 pandemic. These posts include summaries of tax law changes and relief provisions granted by the IRS and state/local authorities that impact our clients. While we try to be as detailed as possible, we ask that clients contact their BenderCPA advisor with any questions before taking action based on a post to ensure your intended outcome is achieved.
On March 21st, IRS issued Notice 2020-18 that officially moved the tax filing deadline for 2020 Federal income tax returns to July 15, 2020. In addition, any 1st quarter estimated tax payments normally due April 15th are also due July 15, 2020.
Note that this is a follow-up announcement to Notice 2020-17 that had previously only extended the payment deadline to July 15th. With the most recent announcement, both the filing and payment deadline are moved to July 15th.
Observation: While the Federal deadline was moved by the IRS, state deadlines are not always automatically extended. As of March 23rd, Illinois has NOT changed its due date while Missouri has announced that Missouri returns will mirror the Federal filing and payment deadlines of July 15, 2020.
We will continue to monitor IRS and state guidance and will communicate to you as necessary to keep you informed of this ever-changing situation. If you have any questions, please contact your BenderCPA advisor for more information.