Bowing to pressure that started almost as ahead of schedule as assessment documenting season began, the IRS has at long last consented to defer the due date for recording 2020 returns, to May 17 (IR-2021-59, 3/17/21), which doesn’t if it’s not too much trouble, all expense experts.
As you most likely are aware, the underlying due date for documenting 2020 government annual expense forms was Thursday, April 15. In any case, on March 17 the IRS declared that it was deferring the cutoff time for one month, until May 15. Since obviously May fifteenth falls on a Saturday, the genuine documenting cutoff time is Monday, May seventeenth. The expansion applies naturally—citizens don’t need to make the slightest effort.
As a little something extra to citizens, the postponement additionally applies to installment of government annual duty risk. No interest, punishment or expansion to assessment will be forced as long as the expense filer complies with the May 17 time constraint.
Refering to the COVID-19 pandemic as the principle justification the deferral, this denotes the second year straight that the IRS has delayed Tax Day. In 2020, it gave citizens three additional months—until July 15, 2020—to document their 2019 returns and settle any subsequent assessment.
“This keeps on being a difficult stretch for some individuals and the IRS needs to keep on doing all that could be within reach to assist citizens with exploring the uncommon conditions identified with the pandemic, while likewise chipping away at significant duty organization obligations,” said IRS Commissioner Chuck Rettig.
Note that a few citizens have significantly more opportunity to document their 2020 returns. Beforehand, the IRS set a cutoff time of June 15 for inhabitants of Texas and others living in FENMA-assigned hazardous situations.