Tuesday, March 31, 2020

COVID-19 Tax Relief Fails to Extend to Certain Foreign Information Return Filing Deadlines

On March 25, 2020, we posted IRS FAQs Answer Filing, Payment Postponement Questions, where we discussed that the IRS has launched a webpage entitled Filing and Payment Deadlines Questions and Answers, which answers Filing, Payment Postponement Questions in Notice 2020-18.

Then upon closer analysis it became evident that this COVID-19 tax relief fails to extend certain foreign information return filing deadlines.

Day Pitney has an alert that discusses whether the filing deadline for an information return is affected by the income tax return filing extension largely depends on whether the information return's due date is explicitly tied to the taxpayer's income tax return due date.

Day Pitney has evaluated whether the due dates for the foreign information returns have been extended and provide a list by Form, in tabular format, as to what is covered by the emergency COVID-19 Tax Relief allowing filings to be postponed to July 15, 2020 and which Foreign Information Return Filing have been extended by this relief.
Have an IRS Tax Problem?

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Marini & Associates, P.A.
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