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IRS Extends Tax Deadlines

The Internal Revenue Service has extended all tax deadlines through July 15. The action followed increasingly urgent requests for the IRS to match the extension of individual income taxes to the same date.

The new action gives extra time to trusts, estates, corporations and other non-corporate tax filers. Americans who live and work abroad also get the extension for filing 2019 federal income tax returns and paying taxes due. In addition, payments for estimated taxes due June 15 can be made by July 15 without penalty.

Individual taxpayers who need more time can request an extension to October 15 by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses needing additional time need to file Form 7004.

The additional extension does not apply to payment of taxes due. Anyone requesting the additional time should estimate taxes and pay them by July 15. The deadline for claiming a refund for 2016 tax returns is also extended to July 15.

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