COVID-19 Updates

U.S. Federal Tax Filing Deadline Extended to July 15

April 1, 2020

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The U.S. federal income tax filing due date has been extended from April 15, 2020, to July 15, 2020, with the option for taxpayers (i.e., individuals, trusts and estates, companies or corporations, and other non-corporate tax filers as well as those who pay self-employment tax) to defer federal income tax payments annually due on April 15, 2020, by 90 days to July 15, 2020, without penalties and interest, regardless of the amount owed as well.

At the state level however, filing deadlines, rules, and requirements still vary. Without all states aligning with the federal extensions, those with multi-state requirements, including mobile employees and business travelers, may find the filing season to be confusing and difficult. Taxpayers are encouraged to monitor the state(s) they have filing obligations for.

BGRS continues to stay informed on new developments in this fluid tax environment. We are working with our clients’ tax providers to prioritize state payments that still may need to be made by April 15, 2020.

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