It’s official, Tax Day has been postponed from April 15th to July 15th. All taxpayers and businesses will automatically have additional time to file 2019 IRS and CA FTB filings and make payments without interest or penalties.

The revised tax deadlines are as follows:

S Corporation and Partnership Tax Filing Deadline was March 15th S corporation (Form 1120S) and partnership (Form 1065) tax returns for entities who use the calendar tax year were due March 15th. Your 6-month extension to file extends your deadline to file to September 15th. It is not immediately clear how the delay in tax day will change the extension process. Note: 2020 Corporation and LLC (taxed as S-Corp.) fees are now due July 15th.

Individual Tax Returns Tax Filing Deadline is now July 15th Individual (1040) tax returns and payments are now due July 15th. You will likely be able to request an extension to file beyond July 15th. It is not immediately clear how the delay in tax day will change the extension process. Remember it is an extension to file, not an extension to pay your taxes. If there is a balance due on the return, interest will be assessed in addition to the tax. We can help you determine an estimated tax payment to make with the extension in order to limit interest charges. Note: 2020 1st and 2nd quarter estimated payments are now due July 15th.

California Single Member LLCs Tax Filing Deadline is now July 15th Single Member LLCs (Form 568) not owned by a pass-through entity are now due July 15th. The minimum franchise tax fee is now due July 15th. You will likely be able to request an extension to file beyond July 15th. It is not immediately clear how the delay in tax day will change the extension process. Note: 2020 LLC fees are now due July 15th. C Corporation Tax Filing Deadline is now July 15th

C corporation (1120) tax returns are now due July 15th. You will likely be able to request an extension to file beyond July 15th. It is not immediately clear how the delay in tax day will change the extension process. Note: 2020 Corporation and LLC (taxed as C-Corp.) fees are now due July 15th.

We have switched to working exclusively by phone or video conference with great results! Call or e-mail to review our virtual tax process and we’ll minimize your taxes remotely.

Please contact Izaira@taxplus.com or call 310.398.3231 to request a phone or video conference with one of our Enrolled Agents. Our San Diego office number is 858.279.1640.