Second Quarter Estimated Payments – June 15 deadline moved to July 15
The IRS recently announced a delay in the deadline to file second quarter estimated tax payments. The IRS issued a tax filing and tax payment delay due to the coronavirus pandemic, from April 15, 2020 to July 15, 2020. Many of the payments are in this delay for both individuals and small businesses. It includes filing of all tax returns, the related payments and all estimated payments typically due on April 15.
The 1st quarter estimated tax payments due date moved from April 15 to July 15. The 1st quarter estimated payments are actually due one month later than the 2nd quarter estimated payment deadline. With IRS notice 2020-23, the 2nd quarter estimated payment due date is now moved July 15, 2020. So you will need to plan accordingly. This includes both individual and corporate payments.
Remember, just because the IRS grants a payment delay, that does not ensure your state will follow suit. So pay attention to the state’s filing due date as well. You can pay online at the IRS website.