2019 Federal Tax Return Filing Deadline Extension 

The Treasury Department announced on March 20, 2020 that the Federal filing deadline for 2019 individual income tax returns has been automatically extended to July 15, 2020 with the IRS releasing official guidance in IRS Notice 2020-18 with details on the extended deadline.

Under the IRS guidance, nothing needs to be filed to be granted this 90-day extension. If additional time is needed to file your 2019 federal tax return beyond the July 15, 2020 deadline, taxpayers can request an extension by filing Form 4868 in the usual manner.  An extension at the new July 15, 2020 filing deadline does not extend the payment deadline beyond that date.  Interest and penalties will begin accruing on July 16, 2020.

As previously announced on March 18, 2020, all federal income tax payments related to 2019 federal balances due has already been extended to July 15, 2020 with no penalties or interest accruing during this time.  This extension to pay includes 2020 first quarter estimated tax payments which makes Q1 payments due on July 15, 2020.  Second quarter federal estimated payments remain unchanged and are due on June 15, 2020.

If you are a Berger Financial Group tax client and already have your information gathered, please send it to us as you normally would so we can file your return by the original due date if possible.  While this automatic extension gives us all additional time to complete your returns, we plan to stay on schedule as much as possible as to not create a second deadline crunch in July.  The IRS urges taxpayers who are due refunds to file as soon as possible and they continue to issue refunds as scheduled with many arriving within 21 days.

We will continue to monitor state developments but at this time, most states have changed their original filing deadline. We anticipate most states will follow suit and automatically extend their respective filing dates to match the federal extension. If we learn otherwise, we will keep you informed.

In addition to these filing changes, the Treasury Department, IRS, and Department of Labor have created new sick pay rules and tax credits in response to the Coronavirus outbreak.  Please see the attached document for more information. If you have questions regarding these new sick pay rules, please reach out to your employers.

If you have any questions, please reach out to your tax advisor. 

Berger Financial Group Tax Department

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