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Income Taxes › Filing Deadlines › U.S. Treasury

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Holland & Knight LLP

Proposed Rule Modifies Timing of "Hot Asset" Reporting

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Generally, gain or loss on the sale or exchange of a partnership interest is treated as capital gain or loss except to the extent of so-called "hot assets." Gain attributable to hot assets – generally unrealized receivables...more

Jones Day

IRS Updates Fast-Track Program for Certain Corporate Tax Rulings

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A new program offers rulings in 12 weeks, even absent a showing of business need. Revenue Procedure 2023-26, issued July 26, 2023, in replacement of a popular 18-month pilot program under Revenue Procedure 2022-10,...more

Nutter McClennen & Fish LLP

United States Treasury Department and Massachusetts Department of Revenue Both Announce Extension of April 15 Filing Deadlines

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On March 17, 2021, the Internal Revenue Service (“IRS”) announced that the deadline for both filing Federal individual income tax returns and making payments has been extended from April 15, 2021 to May 17, 2021. Interest and...more

Gibney Anthony & Flaherty, LLP

Federal Tax Deadline for Individuals Extended to May 17

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The Treasury Department and Internal Revenue Service has announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021. The IRS...more

McDermott Will & Schulte

Weekly IRS Roundup June 8 – June 12, 2020

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Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 8 – June 12, 2020... June 9, 2020: The IRS published a reminder for taxpayers that estimated...more

Perkins Coie

Tax Relief and Estate Planning Strategies in the Wake of COVID-19

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IRS Grants Automatic Extension of Federal Tax Returns - Between March 17 and April 9, 2020, the U.S. Department of the Treasury and the Internal Revenue Service issued a series of notices automatically extending to July 15...more

Williams Mullen

IRS Provides Additional Relief for Taxpayers Affected by COVID-19

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On April 9, 2020, the Department of the Treasury (Treasury Department) and the Internal Revenue Services (IRS) issued Notice 2020-23, announcing that certain additional tax return filing and payment deadlines have been pushed...more

Foster Garvey PC

The IRS and Treasury Are Working Overtime to Provide Taxpayers with Joy, Hope and Optimism During These Trying Times

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NOTICE 2020-23 - On April 9, 2020, the U.S. Secretary of the Treasury issued Notice 2020-23. It greatly expands the tax compliance relief previously granted to taxpayers in response to the COVID-19 pandemic....more

Butler Snow LLP

IRS Extends Additional Filing Deadlines

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On April 9, 2020, the IRS issued Notice 2020-23 (the “Notice”) to provide additional extensions of certain tax filing deadlines, which Notice supplements Notice 2020-18 and Notice 2020-20. The IRS previously issued Notice...more

Seyfarth Shaw LLP

The IRS Extends Filing and Payment Obligations for Most Taxpayers and Performance of Certain Taxpayer Time-Sensitive Actions Until...

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On April 9, 2020, the Secretary of the U.S. Department of Treasury (the “Secretary”) and the Internal Revenue Service (the “IRS”) issued Notice 2020-23 (the “Notice”), which extends the deadline for performance of a long list...more

Pillsbury Winthrop Shaw Pittman LLP

IRS Issues FAQs and Form 7200 for Advance Payment of COVID-19 Employer Tax Credits

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The IRS has issued FAQs regarding the tax credits for the sick and family leave and employee retention tax credits which provide guidance on eligibility and instructions for claiming the credits. The guidance sets forth the...more

Foley & Lardner LLP

IRS Issues Guidance on Employee Retention Credits Under CARES Act

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On March 31, 2020, the IRS issued guidance on the Employee Retention Credits under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Employee Retention Credits are fully refundable tax credits...more

Bracewell LLP

State Business and Personal Income Tax Relief in Response to COVID-19

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The Treasury Department and the Internal Revenue Service offered relief from federal tax return filing and tax payment deadlines to certain taxpayers under Notices 2020-17 and -18. Such federal extension of time to file l...more

Mitchell, Williams, Selig, Gates & Woodyard,...

IRS Temporarily Allow Use of Electronic signatures

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In an Internal Revenue Service (IRS) interim guidance memorandum authored by Sunita Lough, Deputy Commissioner, Services and Enforcement, the IRS has temporarily approved the acceptance of “signature images” and “digital...more

Foster Garvey PC

Treasury Delivers Some More Good News – Notice 2020-20

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On March 13, 2020, President Trump issued an emergency declaration that, in part, instructed the U.S. Department of the Treasury (“Treasury”) to provide taxpayers with “relief from tax deadlines” due to the impact of the...more

Nelson Mullins Riley & Scarborough LLP

Treasury Extends Deadline for Filing and Payment of 2019 Income Tax Returns

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On March 20, 2020, the IRS issued Notice 2020-18 (the “Notice”) which provides that the due date for making tax payments and for filing federal income tax returns is automatically extended from April 15, 2020 to July 15,...more

Seyfarth Shaw LLP

The Secretary of Treasury Selects April 1 as the Effective Date for purposes of the Tax Credits under the Families First...

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Seyfarth Synopsis: The tax credits afforded to certain employers and self-employed individuals by the Families First Coronavirus Response Act (FFCRA) are in effect for the period from April 1, 2020 to December 31, 2020. ...more

Dickinson Wright

IRS Provides Details on the Extension of the April 15 Filing Date

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In a series of FAQ’s issued on March 24, the IRS has provided additional information on the extension of the April 15 tax deadline announced in response to the COVID-19 pandemic....more

Clark Hill PLC

COVID-19 Officially Extends This Year’s Tax Day to July 15, 2020, & Taxpayer Assistance Centers Closed

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This newsletter was updated March 25 to reflect new information released by the IRS. On March 21, 2020, the IRS released IRS Notice 2020-58, which replaces all earlier announcements concerning extended deadlines discussed in...more

Conn Kavanaugh

IRS Provides COVID-19 Related Filing and Payment Relief

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March 24, 2020 As COVID-19 has been disrupting our personal and professional lives, the April 15 tax deadline continued to loom on the horizon. In welcome news for many, on Friday, Treasury Secretary Steven Mnuchin announced,...more

BCLP

COVID-19 Update – Due Date Not Extended for Federal Information Returns

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In an effort to provide relief to individuals affected by the COVID-19 emergency, the Secretary of the Treasury extended the due date for filing Federal income tax returns and making Federal income tax payments from April 15,...more

Rivkin Radler LLP

90 Days of Relief on Federal Income Tax Filings and Payments

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As part of the federal government’s continued efforts to minimize the economic disruptions caused by the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin on March 20, 2020, announced that the April 15th deadline...more

White and Williams LLP

IRS Announces Income Tax Filing and Payment Relief due to Coronavirus Pandemic

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The Treasury Department and Internal Revenue Service (IRS) have brought clarity to the 2019 income tax return filing and tax payment due dates. President Trump previewed the planned income tax relief in his March 13, 2020...more

Lowenstein Sandler LLP

Tax Day Moved From April 15 to July 15 - Tax

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Secretary of the Treasury Steven Mnuchin tweeted on Friday that “Tax Day [is moving] from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or...more

Greenberg Glusker LLP

Important Tax Updates – COVID-19 Edition

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Updated as of March 23, 2020 at 11:30 a.m. On Friday, March 20, 2020, the IRS released updated guidance, confirming Secretary Mnuchin’s statements from earlier in the day that the April 15, 2020, federal income tax filing...more

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