Rick Patrick
ECB Publishing, Inc.
Traditionally, April 15, has been a date that has filled more than one person with a sense of dread. For those who still have not “rendered unto 'Uncle Sam'” still have a bit more time in which to file their federal income tax returns. Due to the ongoing coronavirus pandemic, the Internal Revenue Service (IRS) announced on Saturday, March 21, that the deadline for filing 2019 federal income tax returns has been extended to Wednesday, July 15. According to the IRS press release, “taxpayers can also defer federal income tax payments due on Wednesday, April 15, to Wednesday, July 15, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.”
Anyone needing a filing extension beyond the deadline will still need to file an extension on or before the July 15 deadline. Taxpayers needing help with filing an extension can find assistance through a professional tax service, such as H & R Block.
Even with the extension, taxpayers are encouraged to file as early as possible, especially if they are expecting a refund. “Even with the filing deadline extended, we urge taxpayers who are owed refunds to file as soon as possible and file electronically,” said IRS Commissioner Chuck Rettig. “Filing electronically with direct deposit is the quickest way to get refunds. Although we are curtailing some operations during this period, the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds. As a federal agency vital to the overall operations of our country, we ask for your personal support, your understanding – and your patience. I'm incredibly proud of our employees as we navigate through numerous different challenges in this very rapidly changing environment.” Most refunds are expected to take approximately three weeks to be issued.
The U.S. Treasury Department and the IRS will provide additional guidance as warranted in order to provide relief to the American people. More information can be found at irs.gov.