Upcoming Tax Deadlines

IRS recently issued several notices that postpones until July 15, 2020, the filing of returns and payment of taxes that were initially due on April 15, 2020.

July 15, 2020

The notices postpone the filing and payment of Federal income taxes reported on the following forms:

  • Form 1040, 1040-SR, 1040-NR, 1040-NR-EZ, 1040-PR, 1040-SS
  • Form 1041, 1041-N, 1041-QFT
  • Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-SF
  • Form 8960 (Net Investment Income Tax- Individuals, Estates, and Trusts)
  • Form 8991 (Tax on Base Erosion Payments of Taxpayers With Substantial Gross Receipts)

With respect to Form 990-T, if that Form is due to be filed on April 15, then it has been postponed to July 15 under the notices. For taxpayers whose Form 990-T is due on May 15, that due date has not been postponed under the notices.

Filing extension beyond July 15, 2020. If you are an individual, you can request an automatic extension to file your Federal income tax return if you can't file by the July 15 deadline. You must request the automatic extension by July 15, 2020. To avoid interest and penalties when filing your tax return after July 15, 2020, pay the tax you estimate as due with your extension request.

HSA & MSA Contributions. A taxpayer can make a contribution to an HSA or MSA, for a particular year, by the due date for filing the taxpayer's tax return. Because the due date for filing 2019 Federal income tax returns is now July 15, 2020, under the Notice, a taxpayer may make contributions to an HSA or MSA for 2019 by July 15, 2020.

October 15, 2020
Extended tax return filings are due.