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IRS ANNOUNCES EXTENSION TO JULY 15

March 20, 2020

By Joshua Ashman, CPA & Nathan Mintz, Esq.

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IN RESPONSE TO CORONAVIRUS PANDEMIC, IRS ANNOUNCES EXTENSION TO JULY 15

Over the past week, the IRS has made a number of announcements related to the COVID-19 pandemic and the U.S. government’s response measures intended to provide relief to taxpayers. We review the deadline extensions that affect U.S. expats.

EXTENSION TO FILE

On March 21, 2020, the IRS announced that, in response to the COVID-19 global pandemic, the federal income tax filing due date is extended from April 15, 2020, to July 15, 2020.

Although not specified in the announcement, our understanding is that the deadline for taxpayers living abroad is also extended from June 15 to July 15 as well. Taxpayers apparently can still request an extension to October 15 if needed.

EXTENSION TO PAY

According to the announcement, taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This is important for expat taxpayers who owe tax because otherwise the payment deadline would be April 15.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief.

For more information, the IRS has created a webpage dedicated to its response to the pandemic: https://www.irs.gov/coronavirus

We wish the best of health to everyone,

The Expat Tax Professionals Team

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