IRS reminder: File and pay 2019 business taxes by July 15; 2020 estimated tax also due

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IRS reminder: File and pay 2019 business taxes by July 15; 2020 estimated tax also due

An official website of the United States Government

IR-2020-154, July 14, 2020

WASHINGTON — The Internal Revenue Service today reminded business taxpayers that their 2019 tax returns and tax payments, as well as their first two 2020 estimated tax payments, are due on Wednesday, July 15.

The July 15 due date generally applies to any tax return or tax payment deadline that was postponed due to COVID-19. In April, the IRS said that this postponement applied to all taxpayers that had a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. No late-filing penalty, late-payment penalty or interest will be due for payments prior to July 15.

Corporations, trusts and estates, as well as individuals and other non-corporate tax filers qualify for the extra time. A complete list of qualifying filing and payment deadlines are available at IRS.gov/coronavirus.

Businesses that need a tax-filing extension beyond the July 15 deadline can get one by filing Form 7004. An extension to file is not an extension to pay. To avoid interest charges and any possible late-payment penalties, be sure to estimate any tax liability and pay it by the July 15 deadline. Individuals who file Form 1040, including sole proprietors, farmers and landlords, can get an extension by filing Form 4868.

The fastest and easiest way to meet the July 15 deadline is to file returns and pay any taxes due electronically. For more information on e-file and e-payment options, visit IRS.gov/efile.

An official website of the United States Government

IR-2020-154, July 14, 2020

WASHINGTON — The Internal Revenue Service today reminded business taxpayers that their 2019 tax returns and tax payments, as well as their first two 2020 estimated tax payments, are due on Wednesday, July 15.

The July 15 due date generally applies to any tax return or tax payment deadline that was postponed due to COVID-19. In April, the IRS said that this postponement applied to all taxpayers that had a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. No late-filing penalty, late-payment penalty or interest will be due for payments prior to July 15.

Corporations, trusts and estates, as well as individuals and other non-corporate tax filers qualify for the extra time. A complete list of qualifying filing and payment deadlines are available at IRS.gov/coronavirus.

Businesses that need a tax-filing extension beyond the July 15 deadline can get one by filing Form 7004. An extension to file is not an extension to pay. To avoid interest charges and any possible late-payment penalties, be sure to estimate any tax liability and pay it by the July 15 deadline. Individuals who file Form 1040, including sole proprietors, farmers and landlords, can get an extension by filing Form 4868.

The fastest and easiest way to meet the July 15 deadline is to file returns and pay any taxes due electronically. For more information on e-file and e-payment options, visit IRS.gov/efile.

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