ARTICLE
29 April 2020

IRS Provides Further Coronavirus-Related Tax Relief

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Frankfurt Kurnit Klein & Selz

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Frankfurt Kurnit provides high quality legal services to clients in many industries and disciplines worldwide. With leading practices in entertainment, advertising, IP, technology, litigation, corporate, estate planning, charitable organizations, professional responsibility and other areas — Frankfurt Kurnit helps clients face challenging legal issues and meet their goals with efficient solutions.
Previously, the IRS granted most taxpayers an extension until July 15, 2020 to file returns and pay federal income taxes originally due on April 15
United States Tax

Previously, the IRS granted most taxpayers an extension until July 15, 2020 to file returns and pay federal income taxes originally due on April 15, including quarterly estimated tax payments, without late-filing or late-payment penalties or interest.

On April 9th, in Notice 2020-66, the IRS extended this relief to estimated tax payments due June 15, 2020, meaning that individuals or corporations that have quarterly estimated tax payments due between April 1 and July 15, 2020 can wait until July 15 to make that payment without penalty.

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