COVID Tax Filing Information

Federal

U.S. Treasury Tax Filing and Tax Payment Relief for Coronavirus (COVID-19) Guidance:

  • The Treasury Department and IRS are extending the due date for filing federal income tax returns to July 15, 2020. This applies to all taxpayers whose return would have been due April 15, 2020.
  • There is no limitation on the amount of tax due for the extension to apply.
  • The extension is automatic; Forms 4868 or 7004 do not have to be filed.
  • The extension also applies to any payment of federal income tax, including payments of tax on self-employment income, in respect to the 2019 tax year, as well as first quarterly estimated tax for the 2020 tax year.
  • The period from April 15, 2020 to July 15, 2020 will be disregarded for purposes of calculating any interest, penalty or addition to tax for the failure to file a return or pay a tax due April 15, 2020.
  • The extension does not apply to payments or deposits of any other type of federal tax.
  • The extension applies to gift tax returns, but does not extend the due date for the filing of any other federal information returns.
  • More information available here: https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers

New Jersey

  • Legislation, A 3841, would automatically extend time to file gross income tax or corporation business tax return if federal government extends filing or payment due date for federal returns. However, the extended due date will be no later than June 30, 2020.
  • On April 1, Governor Murphy extended New Jersey’s tax filing deadline from April 15 to July 15, 2020. The following items have been extended:
    • 2019 gross income tax returns and payments, including trusts
    • 2019 corporate business tax returns and payments
    • First quarter 2020 GIT/CBT estimated tax payments
    • First quarter 1041 estimates
    • Partnership returns and payments
    • Partnership filing fees and licensed professional fees
  • The following items have NOT been extended:
    • Second quarter 2020 estimated tax payments
    • Sales and use tax filings and remittances
    • Payroll tax remittances (including those imposed by the New Jersey Department of Labor and Workforce Development)
    • Inheritance taxes

New York

  • New York announced the deadline for taxpayers to file their 2019 NY income tax returns is extended to July 15, 2020. This applies to individuals, fiduciaries (estate and trusts), and corporations taxable under Tax Law Articles 9, 9-A, and 33.
  • New York will waive penalties and interest on 2019 personal income tax payments through the new deadline of July 15, 2020.
  • This extension applies to both final 2019 tax returns and payments, and estimated payments for the first quarter of 2020.
  • The second quarter tax payment is still due on June 15, 2020.

Pennsylvania

  • The Pennsylvania Department of Revenue announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020.
  • The Department of Revenue will also waive penalties and interest on 2019 personal income tax payments through the new deadline of July 15, 2020.
  • This extension applies to both final 2019 tax returns and payments, and estimated payments for the first and second quarters of 2020.

Other States

  • The AICPA has created a chart of state filing information that they are continuously populating with the most up-to-date information. Use the link below to see the chart and check back often to see what changes have been made to your state deadlines:

https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf