IRS Update: No Deadline Extension for Returns Due After April 15

Published on March 25, 2020

Notice 2020-18, released on March 20th, provides relief for taxpayers during the COVID-19 pandemic.

On March 24th, the IRS published a set of questions and answers in response to the notice, detailing that at this time, the deadlines for returns due on or after May 15th have not been extended. 

Form 990-T, used to report unrelated business taxable income, which would ordinarily be due on April 15 (presumably relating to exempt trusts and certain fiscal year filers) are specifically listed as being included in the automatic extension. No other relief for filers of Form 990 or Form 990-T has been offered at this time.

Under the notice, returns due by April 15th have had their filing deadline extended to July 15th. Additionally, the due date for filing an extension for a return due April 15th has been moved to July 15th. The extended deadline of October 15th, 2020 remains unchanged.

If you have any questions about this, contact the Johnson Lambert team.

This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.

Brian Donaldson
Brian Donaldson | Tax Associate
J. Calvin Marks
J. Calvin Marks | Senior Manager