On March 17th, the IRS made a 4th quarter decision to extend the federal deadline, and therein moved the individual tax filing deadline ahead by a little over a month. Now, your individual IRS taxes will be due May 17th, 2021.
Relatedly, taxpayers shall postpone federal income tax payments without penalties and interest, regardless of the amount owed. Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17.
Please take note, this deadline only extends to federal individual payments, and does not extend to state tax payments or deposits or payments of any other type of federal tax, such as partnership and corporate deadlines.
For more information, please contact the Burton Law Firm at 916.822.8700. More information will be released in the following days, but feel free to read on at: https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline.