WASHINGTON [bdpatoday] — The IRS announced today that due to COVID-19, deadlines for any federal income tax filings and tax payments due from April 1 to July 14, 2020 have been postponed until July 15, 2020. BDPA Chapters and other IRS 501(c)(3) organizations normally filing on or before May 15th now have until July 15, 2020 for tax years ending December 31, 2019.

Of particular relevance to nonprofits, this relief applies to IRS Form 990, Form 990-EZ, Form 990-N, Form 990-PF, and Form 990-T. The deadlines for Form 4720 excise taxes filings, quarterly estimated tax payments on Form 990-W, Form 1065 partnership returns, and Form 1120-POL for political organizations have been similarly extended to July 15, 2020.

The extension of the deadlines until July 15, 2020 is automatic—nonprofits do not need to file any extension forms to qualify. However, those who need additional extensions beyond July 15, 2020 will be permitted to extend only until their original statutory or regulatory extension dates. Visit IRS FAQs for additional facts and deadlines.

[View Source | DWT, LLP]