The IRS has finally responded to pleas from members of Congress and tax professional organizations and extended the regular tax filing deadline for 2020 individual income tax returns to May 17, 2021.
The extension will cover both the filing of an individual 2020 tax return and any 2020 tax due.
The extension does not apply to other tax returns or payments normally due on April 15th - for example the first quarter 2021 estimated tax payments are still due on April 15th.
The IRS has announced that further guidance will be provided regarding all the tax deadlines and procedures impacted by the filing extension.
Chet Burgess, EA, NTPI Fellow