Federal Income Taxes Postponed from April 15 to July 15
The IRS issued on March 20, 2020 Notice 2020-18. This notice supersedes Notice 2020-17 so that not only are payments for Federal income taxes postponed from April 15th to July 15th but now the filings are automatically postponed as well. The $1 million and $10 million limitations have been removed. This notice only applies to Federal income tax payments and Federal estimated income tax payments. The period April 15th through July 15th will be disregarded in the calculation of interest and penalties.