2019 Tax Year Automatic Extension of Time to File and Pay

March 20, 2020.  The US Treasury has formally announced they will be extending both the April 15th filing deadline and the deadline to pay your 2019 tax without penalties or interest through July 15, 2020.  This is a change from a few days ago when the proposal was only to extend the time to pay your tax; not an extension to the tax return filing deadline.  As expected, one without the other was not received well by the public or tax return preparers.

As for my practice, I will operate as though the filing deadline remains April 15th as I do not want to drag out tax season any longer which will interfere with my after-tax season plans.  I will be filing extensions for clients whose returns cannot be completed by April 15th.  The extended due date for filing 2019 tax returns will remain October 15, 2020 unless Treasury extends that deadline as well.

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