Most Tax Filing and Payment Deadlines Have Been Extended But NOT All
Due to the COVID-19 pandemic, the IRS, Pennsylvania Department of Revenue, and local tax agencies have been working to lessen the burden of filing and payment deadlines on taxpayers. Additionally, the IRS, Pennsylvania Department of Revenue, and local tax agencies will waive all interests and penalties through any new tax filing and payment deadlines.
Below is a list of the most frequently filed tax returns and payments for individuals, estates, and trusts noting if the filing deadline has been extended or not:
Federal Personal Income Tax Return – Form 1040 Personal
- There is a 90-day extension for filings and payments from April 15, 2020, till July 15, 2020.
- If you are unable to file or make the tax payment by July 15, 2020, the return can appropriately be placed on an additional 6-month extension (from the original filing date of April 15, 2020, till October 15, 2020) by filing Form 4868.
Pennsylvania Personal Income Tax Return – PA-40 Personal
- There is a 90-day extension for filings and payments from April 15, 2020, till July 15, 2020.
- If you are unable to file or make the tax payment by July 15, 2020, the return can appropriately be placed on an additional 6-month extension (from the original filing date of April 15, 2020 till October 15, 2020) by filing Form REV-276.
Local Personal Income Tax Return – Keystone and Berkheimer Personal
- There is a 90-day extension for filings and payments from April 15, 2020, till July 15, 2020.
- If you are unable to file or make the tax payment by July 15, 2020, the return can be placed on an additional 6-month extension (from the original filing date of April 15, 2020 till October 15, 2020) by appropriately placing the PA-40 on extension.
Federal Fiduciary Income Tax Return – Form 1041 Estates or Trusts
- There is a 90-day extension for filings and payments if it is a calendar year return from April 15, 2020, till July 15, 2020.
- There is a 90-day extension for filings and payments if it is a fiscal year return that is due on April 15, 2020, till July 15, 2020.
- There is NO extension for filings and payments if it is a fiscal year return that is due on May 15, 2020, or June 15, 2020, the filings and payments are due on that day.
- If you are unable to file or make the tax payment by July 15, 2020, or the day the return is due, the return can be placed on an additional 5-month extension (from the original filing date of April 15, 2020, till September 15, 2020, etc…) by appropriately filing Form 7004.
Pennsylvania Fiduciary Income Tax Return – PA-41 Estates or Trusts
- There is NO extension for filings and payments.
- Calendar year returns and payments are due by April 15, 2020.
- Fiscal year returns and payments that are due on April 15, 2020, May 15, 2020, or June 15, 2020, are due on that day.
- If you are unable to file or make the tax payment by April 15, 2020, or the day the return is due, the return can be placed on an additional 5 and ½- month extension (from the original filing date of April 15, 2020, till October 1, 2020, etc…) by appropriately filing REV-276.
Federal Estimated 2020 Tax Payments Personal
- There is a 90-day extension for the Federal First Quarter Estimated 2020 Tax Payment due April 15, 2020, till July 15, 2020.
- There is NO extension for the Federal Second Quarter Estimated 2020 Tax Payment due June 15, 2020. The Federal Second Quarter Estimated 2020 Tax Payment is due June 15, 2020.
Pennsylvania Estimated 2020 Tax Payments Personal
- There is a 90-day extension for the Pennsylvania First Quarter Estimated 2020 Tax Payment due April 15, 2020, till July 15, 2020.
- There is a 30-day extension for the Pennsylvania Second Quarter Estimated 2020 Tax Payment due June 15, 2020, till July 15, 2020.
IRA Contributions Personal
- There is a 90-day extension allowing a contribution to an IRA from April 15, 2020, till July 15, 2020.
Federal Gift Tax Returns – Form 709 Personal
- There is a 90-day extension for filings and payments from April 15, 2020, till July 15, 2020.
- If you are unable to file or make a payment by April 15, 2020, the return can be placed on a 6-month extension (from the original filing date of April 15, 2020 till October 15, 2020) by appropriately filing Form 8892.
Federal Estate Tax Return – Form 706 Estate and/or Trust
- There is NO extension, the return is due 9–months after the date of death of the decedent.
- If you are unable to file or make a payment by the deadline, the return can be placed on a 6-month extension by appropriately filing Form 4768.
Pennsylvania Inheritance Tax Return – REV-1500 Estate and/or Trust
- There is NO extension, please continue to file the returns and inheritance tax payments 9–months after the date of death of the decedent.
- Please note, any returns and payments received while the offices are closed will be post-marked for March 12, 2020.
- If you are unable to file or make a payment by the deadline, the return can be placed on a 6-month extension by appropriately notifying the Department of Revenue.
- Please note, this topic was discussed more thoroughly, along with other filings and payments specific to the Department of Revenue, Inheritance Tax Division, in a previous post, please see PA Department of Revenue, Inheritance Tax Division: Procedures in Response to COVID-19.
The attorneys at The Lynch Law Group are available to assist you with filing any of the above returns or payments or placing such returns or payments on extension. In addition, if you have questions regarding a return or payment not discussed in this article, please reach out to us. We would be happy to discuss that return or payment with you.
Pittsburgh Estate Planning Attorneys
Chuck Hadad assists clients with estate planning and estate and trust administration matters. He can be reached at (724) 776-8000 or chadad@lynchlaw-group.com.
