Federal Tax Filing Date Extended to July 15
March 20, 2020
Get the latest in this Aprio blog: The Latest on Tax Filing and Payment Dates.
Just days after announcing that the IRS had extended the federal tax payment date to July 15, 2020, Treasury Secretary Steve Mnuchin announced Friday morning, March 20, 2020, that the 2019 federal tax filing date has also been extended by 90 days to July 15, 2020.
Taxpayers who are prepared to go ahead and file their tax returns before July 15 are encouraged to do so, particularly those taxpayers who are entitled to receive tax refunds. Aprio will be here to assist you through the filing process, regardless of if you file today or wait until July 15.
These specific relief efforts are only applicable to federal taxes; however, many states have also announced filing extensions and payment deferments for 90 days. An updated list of state actions is available from the AICPA here.
According to an IRS Tax Assistance Center statement published March 20, 2020, “the IRS has temporarily closed all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country until further notice. The IRS is continuing to process tax returns, issue refunds and help taxpayers to the greatest extent possible.”
Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding this matter.
About the Author
Mitchell is the partner-in-charge of Aprio’s Tax practice as well as the Technology & Biosciences group. He has been a partner since 1990 with Aprio, which is the largest Georgia-based tax, accounting and consulting firm. Mitchell works with companies in the software, gaming, clean tech, financial technology (FinTech), health care IT, processing, biosciences (biotech and medical device) and manufacturing industries. Whether a company is pre-revenue, starting up, growing or preparing for a liquidity event, Mitchell works with them to maximize their potential at each stage. He is known for promoting research, innovation and entrepreneurship by enabling companies to be successful, regardless of where they are in their business lifecycle.