Tax Day Archives - Lowndes Taxing Times

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IRS Extends Tax Day to May 17

The Internal Revenue Service provided individual taxpayers with a nice St. Patrick’s Day surprise by announcing that the tax deadline for individuals had automatically been extended from April 15, 2021 to May 17, 2021, due to the coronavirus pandemic.

Individuals will automatically receive the federal income tax extension and do not need to make any extension filings. No interest or penalties will accrue on amounts that taxpayers extend from April 15, 2021 to May 17, 2021.

It should be noted that this extension only applies to federal income tax returns, and individuals should check their state and local tax authorities to see if an extension is necessary.

Don’t Forget the Tax Man: Many Tax Returns and Payments Due Next Week

July 7, 2020 / taxingtimes / 0 Comments

By: Amanda Wilson

Because of Covid-19, the IRS extended most federal tax filing and payment deadlines otherwise due from April 1, 2020 to July 14, 2020 until July 15, 2020. The postponement is coming to an end and taxpayers must act now.

A list of tax forms with a July 15, 2020 deadline can be found on the IRS website here, but includes many common income tax returns including those for individuals (Form 1040), corporations (Form 1120), and REITs (1120-REIT).

Taxpayers that wish to file for an extension of their tax filing obligation need to do so before July 15.

Estimated tax payments that were original due April 15, 2020 and June 15, 2020 are due July 15, 2020 as well.

Tax Day Moved From April 15 to July 15

March 20, 2020 / taxingtimes / 0 Comments

By: Amanda Wilson & Ferran Arimon

Treasury Secretary Steven Mnuchin announced, via Twitter, that the Internal Revenue Service is officially moving the tax filing deadline from April 15 to July 15. The later deadline will apply to all taxpayers and businesses, giving taxpayers additional time to file and make any required tax payments without interest or penalties.

This announcement builds from relief announced earlier in the week, when the Internal Revenue Service announced a 90-day extension to the normal April 15 deadline for paying incomes taxes for many individuals and corporations (discussed here). Today’s announcement goes a step further by moving the filing deadline as well.

We will continue to monitor for additional guidance aimed toward curbing the economic impact of the coronavirus and make you aware of any taxation relief offered by the government.

Be sure to visit our our Coronavirus (COVID-19) Response Team page to keep up to date on the latest news.

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IRS Extends Tax Day to May 17

Don’t Forget the Tax Man: Many Tax Returns and Payments Due Next Week

Tax Day Moved From April 15 to July 15

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