Tax Updates from COVID-19

This page was update 6/8/2020

Beware of Scammers. There has been a marked increase in scams related to COVID-19. Please be very vigilant. As always, remember the IRS will never email you and rarely ever call you. If someone calls you stating they are from the IRS and you are not expecting their call, it is best practice to not provide any information and end the call. You can then call a known IRS number directly to follow-up on your account. 

Tax Extension Dates Summary and IRS Changes​

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Part I: Federal Income Taxes

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• 2019 Taxes

  • Filing and payment for 2019 taxes extended to 7/15/2020.  This is an automatic extension for all taxpayers.

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• 2020 Estimated Taxes

  • First and second installment due dates extended to 7/15/2020​

  • Third and fourth installment due dates remain unchanged:  9/15/2020 and 1/15/2021, respectively

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• Existing Installment Agreements with the IRS

  • The IRS is suspending payments from 4/1/20 to 7/15/20. Interest will still accrue during this time. If you manually submit payment each month, you can forgo these payments without your agreement going into default. 

  • If you have direct debit set-up for your agreement, you will need to call the IRS and request your payment be suspended. Last we checked, you will need to call in each month to suspend that month's payment as the IRS system only allows them to stop payment for one month at a time. 

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• Power of Attorney ​and IRS Support

  • Unless we have an existing power of attorney on file for you with the IRS, we are unable to submit one for the time being. The IRS has made cutbacks to their ​staff to reduce exposure to COVID-19 and they are currently not accepting new power of attorney designations. 

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Part II: State and Local Taxes Relevant to our Clients

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• Tennessee

  • City and County Business Taxes​ (see the announcement here)

    • 2019 Taxes: automatic filing and payment extension u​​ntil 6/15/2020 for all taxpayers. 

  • Franchise and Excise Tax (see the announcement here)

    • 2019 Taxes: automatic filing and payment extension until 7/15/2020 for all taxpayers. 

    • 2020 Estimated Taxes: The first estimated payment installment is extended until 7/15/2020​

  • Hall Income Tax​ (see the announcement here)

    • 2019 Taxes: automatic filing and payment extension until 7/15/2020 for all taxpayers.

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• Oregon

  • The following taxes have been granted an automatic filing and payment extension until 7/15/2020 for all taxpayers. 

    • 2019 Oregon State Income Taxes

    • 2019 TriMet Self-Employment Taxes

    • 2019 Portland Arts Tax​​​​​

    • 2019 City of Portland and Multnomah County Business Income and License Taxes 

  • ​The following have not been extended:​

    • 2020 Oregon and City of Portland and Multnomah County Estimated Taxes. These have not been extended. The first installment is still due on 4/15/2020 (subsequent installment due dates are also unchanged). 

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• Other States. All of those listed below have extended 2019 filing and payment to 7/15/2020 for 2019 taxes (Washington is the exception).  

  • California. First & second installments of 2020 estimated tax payments extended to 7/15/2020.

  • Georgia​.  2020 first installment estimated payment extended to 7/15/2020.

  • Nebraska. 2020 first installment estimated payment extended to 7/15/2020

  • Oklahoma. 2020 first installment estimated payment extended to 7/15/2020.

  • Vermont. 2020 first installment estimated payment extended to 7/15/2020.

  • Washington. B&O Tax quarterly filers:  Q1 now due 6/30/20.  B&O Tax annual filers:  now due 6/15/20

  • Washington DC. 2020 first installment estimated payment has not been extended​