Last updated: 16 April 2020
The Federal income tax and payment deadline extension from April 15, 2020 to July 15, 2020 was announced in March, but there was still uncertainty about other tax deadlines falling in the same period. On April 9, the IRS released new guidance to include more forms and payments with deadlines falling due April 1, 2020 to July 14, 2020. This will support many more US taxpayers throughout the COVID-19 lockdown.
The IRS have provided more clarity on second quarter estimated tax payments (originally due June 15) and expanded on the list of forms to support US taxpayers no matter where they live. We have listed below a few of the additional key forms and payment deadlines which have been extended to July 15, 2020:
- 2nd quarter 2020 estimated tax payments
- Nonresident income tax returns (Form 1040NR)
- Form 3520 to report transactions with foreign trusts and receipt of certain foreign gifts
- International information returns that form part of the 1040 individual income tax return such as Forms 5471, 8621, 8858, 8865, and 8938
- Specified time-sensitive actions such as those filing all petitions or review of a decision with the Tax Court or filing a claim for refund of any tax
- Estate and trust income tax payments and return filings
- Gift and generation-skipping transfer tax payments and return filings
Last updated: 16 April 2020
The Federal income tax and payment deadline extension from April 15, 2020 to July 15, 2020 was announced in March, but there was still uncertainty about other tax deadlines falling in the same period. On April 9, the IRS released new guidance to include more forms and payments with deadlines falling due April 1, 2020 to July 14, 2020. This will support many more US taxpayers throughout the COVID-19 lockdown.
The IRS have provided more clarity on second quarter estimated tax payments (originally due June 15) and expanded on the list of forms to support US taxpayers no matter where they live. We have listed below a few of the additional key forms and payment deadlines which have been extended to July 15, 2020:
- 2nd quarter 2020 estimated tax payments
- Nonresident income tax returns (Form 1040NR)
- Form 3520 to report transactions with foreign trusts and receipt of certain foreign gifts
- International information returns that form part of the 1040 individual income tax return such as Forms 5471, 8621, 8858, 8865, and 8938
- Specified time-sensitive actions such as those filing all petitions or review of a decision with the Tax Court or filing a claim for refund of any tax
- Estate and trust income tax payments and return filings
- Gift and generation-skipping transfer tax payments and return filings