On Friday morning, Secretary Mnuchin indicated in a tweet and in a speech that the filing deadline was being moved. Friday evening the Treasury released Notice 2020-18, providing the details. Not only did the notice provide for a movement of the due date, but it superseded Notice 2020-17, which had indicated that payments of $1 million or more would still be due on April 15. This new notice is clear in its language that all income tax returns due on April 15 and all payments due on April 15 are now due on July 15 and that no action (whether it is filing a form or making a payment) is needed on the part of the taxpayer to accomplish this extension.
While numerous states have already followed the Treasury’s lead in this area, we will continue to monitor the state response to make sure you meet any requirements that may differ.
With confirmation of the change for all taxpayers of the due date and payment date and consideration for the major disruption being caused by the COVID-19 pandemic, we are planning to stagger much of the remaining 2019 return workload over the next three + months. While we will continue to prepare returns through this time, our priority will be to prepare returns for those expecting refunds first. As always, we will continue to meet your needs. If you are not expecting a refund but have a more immediate need for your return, please be sure that your Cassady Schiller contact is aware and we will adjust accordingly.