Due to the impact of Covid-19, governments at all levels are offering more flexibility in tax filings for 2019 taxes.
At the Federal Level:
- Any person with a federal income tax return or payment normally due on April 15, 2020, is eligible for relief. The payment due refers to both 2019 Federal income tax payments and 2020 estimated Federal income tax payments, regardless of the amount owed. The return or payment must be due on April 15, 2020 for tax year 2019.
- No extension is provided for any other type of Federal tax, or the filing of any Federal information return, or payments due on any other date.
- If you have not yet filed your 2019 income tax return that would have been due on April 15, you don’t need to file any additional forms or permission of the IRS to qualify for this automatic relief.
- If you expect a refund, you should file your return as soon as possible as there may be delays in processing refunds. The quickest way to receive your refund is to file electronically and request your refund as a direct deposit.
- The relief does not apply to estate and gift taxes and return deadlines.
- If you need to file an extension, because you would not be able to file by April 15, 2020 or July 15, 2020 for tax year 2019, you may file an automatic extension via IRS Form 4868.
- If you intend to file an extension, the tax still must be paid by July 15, 2020 or interest and penalties will accrue. You must request the automatic extension by July 15, 2020.
- The deadline for first quarter 2020 estimated income tax payments due on April 15, 2020 is postponed to July 15, 2020.
- The second quarter 2020 estimated income tax payments are still due on June 15, 2020.
- The Pennsylvania Department of Revenue has elected to follow the IRS with the above listed extensions applying to the Pennsylvania income tax returns for individuals.
For Philadelphia and localities:
- Each county and locality have different taxes and deadlines.
- For Philadelphia:
- Real Estate Tax due date extension to April 30, 2020; but this not appear to apply to the early pay discount.
- Business Income & Receipts Tax and Net Profits Tax filing and payment extensions – The City will follow the IRS and extent filing and payments to July 15, 2020 for payments and returns due April 15, 2020 for tax year 2019. This policy includes estimated payments. No action is required from businesses to take advantage of this extension policy in Philadelphia.
Please be sure to contact my office to help you with all of your tax needs and ensure you remain compliant with the law during this ever changing time.
Thanks to Adam S. Bernick, Esquire for his assistance in drafting this post.
Faye Riva Cohen, Esquire is the founder and managing attorney of the Law office of Faye Riva Cohen, P.C. in Philadelphia, PA. Her office can help people from both Pennsylvania and New Jersey with their tax issues. Her office is located at 2047 Locust Street in a historic Philadelphia brownstone. She can be reached at 215-563-7776 or at firstname.lastname@example.org.
You can find this post on Faye’s blog here.