The
IRS has released a “Filing and Payment Deadlines Questions and Answers” page at
irs.gov.
Here
are some highlights –
* The
postponement of the filing and paying deadline to July 15, 2020 applies to Form
1040, 1040-SR, 1041, and 1120.
* The
relief “applies only to Federal income tax returns for the 2019 taxable year.” It does not extend the April 15, 2020
deadline for filing an amended 2016 Form 1040.
* No relief has been provided for filing
or payment dates other than April 15, 2020. The filing of Federal tax returns
due March 16, 2020, such as Form 1065 and Form 1120-S, has not been
postponed.
* “Normal
filing, payment, and deposit due dates continue to apply to both payroll and
excise taxes.”
*“Normal
filing and payment due dates continue to apply to estate and gift taxes.”
As
for IRA contributions –
* “Contributions
can be made to your IRA, for a particular year, at any time during the year or
by the due date for filing your return for that year. Because the due date
for filing Federal income tax returns has been postponed to July 15, the
deadline for making contributions to your IRA for 2019 is also extended to July
15, 2020.”
TTFN
No comments:
Post a Comment