By: Amanda Wilson
Because of Covid-19, the IRS extended most federal tax filing and payment deadlines otherwise due from April 1, 2020 to July 14, 2020 until July 15, 2020. The postponement is coming to an end and taxpayers must act now. A list of tax forms with a July 15, 2020 deadline can be found on the IRS website here, but includes many common income tax returns including those for individuals (Form 1040), corporations (Form 1120), and REITs (1120-REIT). Taxpayers that wish to file for an extension of their tax filing obligation need to do so before July 15th.
Estimated tax payments that were original due April 15, 2020 and June 15, 2020 are due July 15, 2020 as well.