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IRS is not extending tax deadline

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Posted at 1:15 PM, Jun 30, 2020
and last updated 2020-06-30 16:15:47-04

The Treasury Department and the Internal Revenue Service announced Monday it would stick with its tax filing extension deadline of July 15.

This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to qualify.

Earlier this year, the IRS postponed the tax-filing deadline from April 15 due to disruptions caused by the coronavirus pandemic.

Just last week, Treasury Secretary Steven Mnuchin said a further postponement to September was being considered.

Those who expect to have to pay 2019 taxes might want to check their payment options.

Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.

Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.