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Individual Tax Filing Deadline Extended Until July 15

Tiffany L. Kuntemeier

March 20, 2020

The IRS has issued Notice 2020-18 clarifying the announcement from Treasury Secretary Steven Mnuchin earlier Friday that the deadline for filing tax returns would be extended until July 15, 2020.  This notice supersedes Notice 2020-17 issued March 19, 2020; which capped the amount of tax due that could be postponed until July 15, 2020.

Under Notice 2020-18, the due date for filing tax returns and making tax payments is automatically extended from April 15 to July 15 for affected taxpayers.  Neither Form 7004 or Form 4868 application for extension of time to file is required. There is no limit or cap on the Federal Income Tax liability, due on April 15th,  that qualifies to be postponed. The period from April 15, 2020 to July 15, 2020 will be disregarded in the calculation of any interest, penalty, or addition to tax for failure to file and failure to pay Federal income taxes due on April 15, 2020. 

According to the notice, all affected taxpayers are taxpayers with a Federal income tax payment due April 15, 2020, which would generally be a calendar year-end taxpayer.  The notice clarified that relief is provided to individuals, trusts, estates, partnership, associations, companies or corporations as provided in section 7701(a)(1) of the Code. 

Relief provided in this notice is for Federal income tax payments, including self-employment tax and first quarter estimated payments. The notice still does not extend filing, payment, or deposit of any other type of Federal tax or information return. Missouri has announced they will conform with Federal filing and payment deadlines. So all Missouri filings will have until July 15th to pay and file their Federal and Missouri Income Taxes. We will continue to monitor any payment due date changes under state or local jurisdictions.

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