Extended Payment AND Filing Deadline (updated March 25, 2020)

The IRS is now planning on extending the BOTH the filing and the payment deadline to July 15. The official announcement will eventually be posted at the following link: https://www.irs.gov/coronavirus

The State of Oregon has indicated that they are still evaluating their options. The following link will provide the most up to date information related to any relief the State of Oregon chooses to provide: https://www.oregon.gov/dor/Pages/COVID19.aspx

Please see our updated COVID-19 Precautions announcement for our response to this situation.

More specific details follow:

Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.

Corporations: For C Corporations, income tax payment deadlines are being automatically extended until July 15, 2020, for up to $10 million of their 2019 tax due. This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.

Both Individuals and Corporations: Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020.