Estate and Succession Planning
Dean Mead’s Estate and Succession Planning Department is one of the largest and most respected groups of estate planning attorneys in Florida. We are frequently…
Today, the IRS released Notice 2020-20 amplifying the relief provided in Notice 2020-18 by postponing to July 15, 2020 the due day to file a Form 709 (United States Gift and Generation-Skipping Transfer Tax Return) or pay Federal gift tax or generation-skipping transfer tax that was due on April 15, 2020. This brings conformity to the due dates for Federal gift and generation-skipping transfer tax and Federal income tax returns and payments.
The extension of time is automatic; taxpayers are not required to file a Form 8892 for extensions to file Form 709 on July 15, 2020. However, a taxpayer needs to file an extension to extend the time to file the Form 709 to October 15, 2020.
