• Form 990T (Exempt Organization Business Income Tax Return). If due to be filed on April 15, it has been postponed to July 15. Filings due May 15 haven’t been postponed. “Returns that are information tax returns but not income tax returns aren’t postponed,” Pliskin added.
Extra time to file federal taxes by Oct. 15 (the normal six-month extension) will be accepted through July 15.
“Most confusing is the impact on states and localities. Every state has different deadlines ... and many haven’t extended,” Wittenberg said.
Some state tax returns are due the same day as the federal return; other state returns are due one month later. If “the IRS hasn’t extended a deadline, the due date for the respective state return may also not be extended,” said James McGrory, CPA and shareholder at Drucker & Scaccetti in Philadelphia. “Best to confirm with each state’s department of revenue.”
“Clients who customarily set up direct-debit payments for returns and estimated tax payments will have to adjust, particularly those who already set up these payments in advance for April 15,” Kubey said. “I’m advising clients who aren’t experiencing financial hardship to keep normal due dates for their payments.”
Filing and payment deadlines have been pushed from April to July 15 for forms 1040, 1040-SR, 1040-NR, 1040-NR-EZ, 1040-PR and 1040-SS; the 1041, 1041-N and 1041-QFT; the 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-SF; the 8960 and the 8991.
The filing deadline for Form 709 (gift and generation-skipping transfers) was also extended to July 15. “These [returns] were traditionally extended with the 1040. The IRS heard the protests and kept the due date compatible with [the] 1040,” said Mary Kay Foss, a CPA in Walnut Creek, Calif.