IRS Provides Additional Tax Deadline Relief

Apr 24, 2020Business, Covid-19

The Internal Revenue Service (IRS) released Notice 2020-23, announcing their extension of many additional key tax deadlines for both businesses and individuals.

The broad tax filing and payment deadline relief covers all taxpayers that have either a filing or payment deadline falling between April 1, 2020 and July 15, 2020. The tax relief is automatic—there is no need for taxpayers to file extensions or provide documentation in order to obtain relief. For a full list of the federal tax forms and payments to which the extension applies, read the following article.

Here is a brief look at the items detailed in the IRS notice:

  • Individual taxpayers can file Form 4868 to request the already-extended tax filing deadline be pushed to October 15, 2020 for them. Businesses can do the same, using Form 7004.
    • Note: an extension of the filing date is not an extension of the payment deadline—payments will still be due on July 15, 2020 for those who request a filing extension.
  • Individuals and corporations that make quarterly estimated were also granted additional relief. The April 15 estimated tax payment deadline had already been extended, but the new IRS notice also extends the due date for payments due June 15th. These estimated quarterly tax payments are now due on July 15, 2020.
  • The U.S. tax code provides a three-year window of opportunity for claiming a refund for previous tax years. The IRS announce that the April 15th deadline for claiming a refund on a 2016 tax return has been extended to July 15, 2020.

For further details, click here to read Notice 2020-23 in full at


Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Trending Posts

Subscribe to our Blog

Related Industry Posts

document Organization for Your 401k Plan Audit

document Organization for Your 401k Plan Audit

s discussed in part two of our 401k blog series, one of the purposes of a retirement plan audit is to ensure the plan operates in compliance with both plan documents and IRS and DOL regulations. To do this, your auditor will request access to several documents. Some will be plan-specific documents, while others will be HR and related documents.

read more
2022 Business Valuation Considerations

2022 Business Valuation Considerations

More than two years after COVID-19 changed the world, business valuations are still challenging. At the midpoint of 2022, the idea that things have returned to ‘normal’ is certainly debatable. In many instances, historic valuation inputs, specifically past performance, cannot be taken as an indication of future performance.

read more
2022 IRS Backlogs & Taxpayer Service Updates

2022 IRS Backlogs & Taxpayer Service Updates

The IRS has been busy. In the past two years, the agency has processed trillions of dollars in pandemic relief funds, adjusted to often-changing tax deadlines, and dealt with several complex new tax laws. At the same time, funding was 20 percent lower than in 2010. Understaffed is the understatement of the century.

read more

Subscribe to our blog


We appreciate your interest in Smith Schafer and would love to hear from you.So please complete this form or feel free to email us directly at: [email protected]