IRS Declines to Extend July 15 Tax Deadline

To help our members meet their obligations as taxpayers and business owners, we are sharing this article by ASAE, the association for association professionals, of which ANCOR is a member:

“The Internal Revenue Service (IRS) will not further extend the tax filing and payment deadline past July 15, despite some calls to do so, the agency said this week.

The IRS had previously extended the April 15 filing deadline to give taxpayers and small business owners more time during the COVID-19 pandemic. The agency said taxpayers can still request extensions to file their returns by Oct. 15 but filers who owe taxes must pay by July 15 or face penalties.

“The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” IRS Commissioner Chuck Rettig said. “These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.”

The IRS also reminded taxpayers to check their state filing and payment deadlines, which may differ from the federal July 15 deadline.”