Moore Stephens

COVID-19: Relief for Taxpayers by the Internal Revenue Service (United States)


Due to the ongoing coronavirus pandemic, the Internal Revenue Service (“IRS”) announced that all tax returns and payment of tax normally due by April 15 is postponed until July 15 this year.

This relief on account of the Covid-19 emergency applies to any individual, trust, estate, partnership, corporation, or association with a federal income tax return or income tax payment (including self-employment tax payments) due on April 15, 2020 for tax year 2019, and to estimated tax payments due April 15, 2020, for tax year 2020.

No extension requests or other types of form is required to be filed in order to benefit from this postponement.

Associated interest, additions to tax, and penalties for late filing or late payment will be suspended until July 15, 2020. There is no limitation on the amount of the payment that may be postponed.

A large number of states has followed the IRS on this matter and made similar announcement (for example California and New York),  but not all of them.

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