IRS Tax Return and Payment Relief Does Not Extend to Information Returns
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  • IRS Tax Return and Payment Relief Does Not Extend to Information Returns

    By Stevie D. Conlon, Vice President, Tax and Regulatory Counsel, Wolters Kluwer , John Kareken, Senior Tax and Regulatory Manager, Wolters Kluwer, Anna Vayser, Product Manager, Wolters Kluwer

    Published March 21, 2020

    On Friday March 20th 2020, the IRS published Notice 2020-18 (the Notice). The Notice provides limited tax relief for persons subject to U.S. taxation, that “the due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, is automatically postponed to July 15, 2020” and that is not necessary for such taxpayers to file for an extension on Forms 4868 or 7004. The Notice further provides that such relief is “available solely with respect to Federal income tax payments (including payments of tax on self-employment income) and Federal income tax returns due on April 15, 2020 [for the taxpayer’s 2019 tax year, as well as estimated tax payments relating to the 2020 tax year].” Importantly, the Notice explicitly provides that “[n]o extension is provided in this notice for the payment or deposit of any other type of Federal tax, or for the filing of any Federal information return.”

    Accordingly, the Notice does not relieve taxpayers from filing information returns including via the IRS FIRE system.

    This commentary does not address any additional issues or concerns beyond the notice’s application to information reporting deadlines.

    The notice is available at https://www.irs.gov/pub/irs-drop/n-20-18.pdf  


    Stevie D. Conlon is a vice president, tax and regulatory counsel for Wolters Kluwer and has written and spoken extensively on legal matters relating to financial products and compliance.

    John Kareken, JD is a senior tax and regulatory manager with Wolters Kluwer.

    Anna Vayser, CPA is a product manager with Wolters Kluwer.

    Contact: John Kareken at john.kareken@wolterskluwer.com or (847) 267-7011 or Anna Vayser at anna.vayser@wolterskluwer.com or (847) 267-7826.

    DISCLAIMER: The information and views set forth in this Wolters Kluwer's communication are general in nature and are not intended as legal, tax, or professional advice. Although based on the law and information available as of the date of publication, general assumptions have been made by Wolters Kluwer that may not take into account potentially important considerations for specific taxpayers. Therefore, the views and information presented in this Wolters Kluwer's communication may not be appropriate for you. Readers must also independently analyze and consider the consequences of subsequent developments and/or other events. Readers must always make their own determinations in light of their specific circumstances.

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