Extension Updates:
IRS and PA Officially Extend Filing and Payment Deadlines to July 15
- Federal Filing and Payment Extension Through July 15, 2020 – The automatic extension from April 15th to July 15th applies to individuals, corporations and trusts/estates, the first quarter 2020 estimate tax filing, and any associated tax payments. This new deadline allows for all taxpayers and businesses to have additional time to file and make payments without interest or penalties. See IRS notice with details here: https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020
- Pennsylvania Extends Personal Income Tax Return Filing Deadline to July 15, 2020 – The Department of Revenue today announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This means taxpayers will have an additional 90 days to file from the original deadline of April 15. The Department of Revenue will also waive penalties and interest on 2019 personal income tax payments through the new deadline of July 15, 2020. This extension applies to both final 2019 tax returns and payments, and estimated payments for the first and second quarters of 2020. See PA announcement with precise detail here: https://www.media.pa.gov/Pages/Revenue-Details.aspx?newsid=307
- Other State and Local Tax Deadline Extensions Have NOT Been Finalized. Our team is monitoring this evolving situation as well as developments from all agencies around economic stimulus proposals. We will distribute updates and details as they become available. For the most recent updates, please check our website: https://www.urishpopeck.com/news/
- Office Update – We are continuing to operate our practice remotely. Moving forward, all processing of tax returns will be completed and distributed electronically whenever possible. We will utilize our secure data website (www.securetaxdata.com) to deliver PDF copies of completed tax returns and ask that you use this same website to upload and transmit documents to us whenever possible. Documents requiring signatures will be provided via email, utilizing e-signature applications. We strongly encourage the electronic transmission of information. We are still accepting paper copies of documents, but due to mail delivery changes and potential delays, we cannot ensure timely access to the information. If other arrangements need to be made, please contact your engagement professional directly.