Tax Updates from COVID-19
Updated 11/17/2020
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.
Part I: Federal Income Taxes
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
Part II: 2020 State and Local Taxes Relevant to Our Clients
Tennessee
-
Franchise and Excise Tax (see the announcement here)
-
2020 Estimated Taxes: The first estimated payment installment was extended until 7/15/2020. The rest of the payments remain unchanged.
-
Oregon
Oregon and City of Portland and Multnomah County Estimated Taxes were not extended. The first installment was due on 4/15/2020
First & second installments of 2020 estimated tax payments extended to 7/15/2020.
2020 first installment estimated payment extended to 7/15/2020.
2020 first installment estimated payment extended to 7/15/2020
2020 first installment estimated payment extended to 7/15/2020.
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
2020 first installment estimated payment has not been extended