Additional Guidance from the IRS on the Deferred April 15th Payments

Mar 19, 2020

The Internal Revenue Service formally provided more information yesterday on the deferred April 15th tax payments in Notice 2020-17. The 2019 tax return filing deadline of April 15th has NOT been extended.

The Notice indicates that all taxpayers are affected by the Coronavirus pandemic and have been granted a 90-day deferral for their April 15th income tax payments that include not only the 2019 tax return balance due, but also the 2020 1st quarter estimated tax payment. This defers tax payments from April 15th until July 15th without being subject to interest and penalties. The 2020 2nd quarter estimate that is due on June 15, 2020 was not addressed.