Tax Day For Most Tax Returns and Payments is Now July 15, 2020 – Part III

This week the IRS released Notice 2020-23 amplifying the relief provided in Notice 2020-18 and Notice 2020-20 by greatly expanding the tax returns and payment whose due dates that will be automatically postponing to July 15, 2020.  Now, in addition to Federal income tax returns and payments and Federal gift and generation-skipping transfer tax and payments that were due on April 15, 2020, the returns and payments listed in Notice 2020-23 that were due, originally or as a result of a valid extension, between April 1, 2020 and before July 15, 2020 are automatically postponed to July 15, 2020.

The extension of time is automatic; taxpayers are not required to file for extensions to file or make payments by July 15, 2020.  For extensions beyond that date, the appropriate extension form needs to be filed by July 15, 2020 but the extension may not go beyond the original statutory or regulatory extension date.

The returns and payments listed in Notice 2020-23 are as follows.

Individual Income Tax Returns and Payments

Form 1040, U.S. Individual Income Tax Return

Form 1040-SR, U.S. Tax Return for Seniors

Form 1040-NR, U.S. Nonresident Alien Income Tax Return

Form 1040-NR-EZ, U.S. Income Tax Return for Certain Nonresident Aliens With No Dependents

Form 1040-PR, Self-Employment Tax Return – Puerto Rico

Form 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico)

Corporate Income Tax Returns and Payments

Form 1120, U.S. Corporation Income Tax Return

Form 1120-C, U.S. Income Tax Return for Cooperative Associations

Form 1120-F, U.S. Income Tax Return of a Foreign Corporation

Form 1120-FSC, U.S. Income Tax Return of a Foreign Sales Corporation

Form 1120-H, U.S. Income Tax Return for Homeowners Associations

Form 1120-L, U.S. Life Insurance Company Income Tax Return

Form 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons

Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return

Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations

Form 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts

Form 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies

Form 1120-S, U.S. Income Tax Return for an S Corporation

Form 1120-SF, U.S. Income Tax Return for Settlement Funds (Under Section 468B)

Partnership Income Tax Returns

Form 1065, U.S. Return of Partnership Income

Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return

Fiduciary Income Tax Returns and Payments

Form 1041, U.S. Income Tax Return for Estates and Trusts

Form 1041-N, U.S. Income Tax Return for Electing Alaska Native Settlement Trusts

Form 1041-QFT, U.S. Income Tax Return for Qualified Funeral Trusts

Estate, Gift and GST Tax Returns and Payments

Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return  (including those filed pursuant to Revenue Procedure 2017-34)

Form 706-NA, United States Estate (and Generation-Skipping Transfer) Tax Return

Form 706-A, United States Additional Estate Tax Return

Form 706-QDT, U.S. Estate Tax Return for Qualified Domestic Trusts

Form 706-GS(T), Generation-Skipping Transfer Tax Return for Terminations

Form 706-GS(D), Generation-Skipping Transfer Tax Return for Distributions

Form 706-GS(D-1), Notification of Distribution from a Generation-Skipping Trust (including the due date for providing such form to a beneficiary)

Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return

Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent and any supplemental Form 8971

Estate tax payments of principal or interest due as a result of an election made under Code Sections 6166, 6161, or 6163 and annual recertification requirements under Code Section 6166

Exempt Organizations

Form 990-T, Exempt Organization Business Income Tax Return

Excise Taxes

Form 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation

Form 4720, Return of Certain Excise Taxes under Chapters 41 and 42 of the Internal Revenue Code

Quarterly Estimated Income Tax Payments

Form 990-W, Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations

Form 1040-ES, Estimated Tax for Individuals

Form 1040-ES (NR), U.S. Estimated Tax for Nonresident Alien Individuals

Form 1040-ES (PR), Estimated Federal Tax on Self Employment Income and on Household Employees (Residents of Puerto Rico)

Form 1041-ES, Estimated Income Tax for Estates and Trusts

Form 1120-W, Estimated Tax for Corporations