Tag Archives: coronavirus pandemic

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.

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The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020.

The Federal Governments’ response to the ongoing COVID-19 crisis by automatically extending certain filing deadlines and payments is good news to many, though the deadline to report personal income tax has been extended from April 15th to July 15th. Taxpayers including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax, if wants more time for any reason to file federal income tax returns can use www.ExtensionTax.com to e-file extension forms to request for an automatic extension, this will give them an automatic 6 months extension from the newly extended July 15 deadline.  

  • Individual taxpayers can request a filing extension by filing Form 4868 and;
  • Businesses who need additional time can request a filing extension by filing Form 7004.

By obtaining this extension, you can avoid any late-filing penalties as long as you do file by the extended due date. It’s important to keep in mind that filing an extension does not generally mean you are off the hook for paying taxes.

Due to the recent lockdown, we at www.ExtensionTax.com have initiated a business continuity plan to ensure that all our representatives are at your assistance. If you have any questions or need any help in completing Federal 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.

Follow the IRS special coronavirus page on IRS.gov to check for official updates from the IRS as they continue to monitor issues related to the COVID-19 virus.

Our thoughts are with the ones fighting on the front line and the families affected by the virus. Follow the advice of WHO and guidance issued by national and local health authorities, Stay Safe and help prevent the Spread of Coronavirus.