The IRS has answered some of the many questions raised after the agency announced its extension to file taxes until July 15, 2020. Among the more curious results, 1st Quarter Estimated Taxes are due on July 15th while Second Quarter Estimates remain due on June 15th. NYS has yet to provide any guidance upon which we can rely but expect something soon.
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IRS Clarifies its Extension Announcement(s)
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Among other things, the agency has clarified that the deadline for making Individual Retirement Account and Roth IRA contributions is now July 15; that returns with automatic filing extensions are still due Oct. 15; and that there are ways for filers to delay automatic tax payments they previously scheduled for April 15.
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