COVID 19: IRS Expands Tax Filling and Payment Relief

[32381]

April 13, 2020 TO: ICI Members
Management Company Tax Subcommittee
Tax Committee SUBJECTS: Tax RE: COVID 19: IRS Expands Tax Filling and Payment Relief

 

The IRS issued Notice 2020-23 expanding the federal tax filing and payment relief for certain tax form filings and payment obligations that are due between April 1 and July 15 to July 15, 2020. Calendar year or fiscal year corporate income tax return filings on 1120-RIC are covered under the Notice. This relief follows previous guidance that postponed the deadline for tax filings and payments due on April 15, 2020[1] and addresses the filling due date concerns raised in ICI’s letter to the IRS.[2]

 

Katie Sunderland
Assistant General Counsel

 

endnotes

[1] See Institute Memorandum No. 32300 dated March 18, 2020 and Institute Memorandum No. 32321 dated March 26, 2020.

[2] See Institute Memorandum No. 32310 dated April 13, 2020.