On Saturday, the normal Mid-April tax day was extended to July 15 and would also include regular ES Payment extensions as well.
Extension to Regular Filing Date
This from the IRS Announcement:
“Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.
Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.
The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days.”
Updated Scam Alert
The bad guys are taking advantage of the current situation by sending emails related to the Virus… I have personally received over a half a dozen so far, some very clever.
We have also been warned by our security advisers to be on the watch….
We wanted to give you a heads up…
- Take a quick moment to slow down and double check your emails and texts for the time being (hurried answers or clicks are just what they are looking for!)
- Be EXTRA careful on any email you may receive
- Do not open any unusual Zip or hot-linked texts
- Double check the from email address on ANY unusual email – read carefully, they again are, clever
Have a Great “Tax Extended, Scammer Watch” Day!
John A. Kvale CFA, CFP