Happy 4th of July! Extend Your Federal Income Tax Filing Deadline to OCTOBER 15

The ExtensionTax.com team wishes all a very Happy 4th of July! The IRS issued Notice 2020-134 on June 29, 2020, the automatically extended filing and payment deadline of July 15, 2020, will not be postponed, any taxpayers looking for further relief including those affected by COVID-19, who cannot pay in full should contact IRS for help. The IRS also encourages the affected taxpayers to pay what they can and consider a variety of payment options available for the remaining balance.  

“The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” said IRS Commissioner Chuck Rettig. “These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.”

Taxpayers unable to meet the July 15 due date can request an extension to file until October 15. However, this is not an extension of time to pay. Taxpayers must estimate their tax liability on the extension-form and pay as much as they can by July 15 to avoid possible penalties and interest.

Form 8868 that is used for an automatic extension of filing of Form 990, must be filed by taxpayers to extend their filing deadline further to November 16. tax-exempt organizations operating on a calendar year that typically involves them submitting a Form 8868 to extend their May 15, 2020 Form 990 filing deadline for six months, must file Form 8868 before July 15, 2020 – but will still have only until November 16, 2020 (six months from May 15, 2020) to submit their 2019 Forms 990 and pay any applicable taxes.

Likewise, E-file Form 7004 and push the calendar year return deadline to October 15, 2020. AndE-file Form 4868 for an automatic extension of time to file a personal income tax return to Thursday, October 15, 2020.

By obtaining the extension, you can avoid any late-filing penalties as long as you do file by the extended due date July 15. The fastest and easiest way to get the extra time is through e-filing. In a matter of minutes, the Taxpayer can electronically request an automatic tax-filing extension on Form 4868, Form 7004, Form 8868 and Form 2350 using www.ExtensionTax.com.

ExtensionTax is working remotely during this unprecedented time, if you have any questions or need any help in completing your extensions feel free to call our Help Desk @ 866-245-3918 or email us at support@extensiontax.com. We’re open and available on all Business days between 9:00 am to 6:00pm Central Time.

State deadlines may differ:

As the state deadlines may differ from the federal July 15 deadline, the IRS reminds the taxpayers to check their state filing and payment deadlines, and act accordingly, here is the list of state tax division websites which is available through the Federation of Tax Administrators: https://www.taxadmin.org/state-tax-agencies