The Internal Revenue Service (IRS) and the US Treasury Department have announced that they will be extending filing and payment deadlines for the 2019 tax year.

• For US individuals and corporations with April 15, 2020 tax deadlines, the date has been extended to July 15, 2020
  • 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
• US expatriates will see their deadline extended by a month from June 15, 2020 to July 15, 2020

Note: tax refunds will continue to be issued within the usual amount of time- around 21 days from the date of filing.

Additionally, any changes to deadlines can be found on the IRS’ COVID-19 resource page here. For more information on US tax filings, please contact us and an advisor from our tax department will be happy to assist you.