April 9th, 2020

IRS Provides Further Coronavirus-Related Tax Relief

Previously, the IRS granted most taxpayers an extension until July 15, 2020 to file returns and pay federal income taxes originally due on April 15, including quarterly estimated tax payments, without late-filing or late-payment penalties or interest.

On April 9th, in Notice 2020-66, the IRS extended this relief to estimated tax payments due June 15, 2020, meaning that individuals or corporations that have quarterly estimated tax payments due between April 1 and July 15, 2020 can wait until July 15 to make that payment without penalty.

If you have any questions about this extension or any other tax questions arising as a result of the Coronavirus pandemic, please contact Jeffrey M. Marks or any member of our Frankfurt Kurnit Tax Group.