Estimated tax due date for second quarter

Jun 01, 2020 1 Replies

I'm pretty sure I saw something here a month or so ago, to the effect that the estimated Federal tax payment due on June 15th had _not_ been deferred to July 15th. But I could be mistaken about that.



In any case, this IRS notice, dated April 9th, explicitly extends the deadline for second quarter estimated payments from June 15h to July



15th:

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"Besides the April 15 estimated tax payment previously extended, today?s notice also extends relief to estimated tax payments due June



15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July 15 to make that payment, without penalty."

Correct. Both the 1st and 2nd quarter estimated payments are now due on July 15. Most states have followed suit, but if you have state estimated obligations, check with your state's tax authority to confirm.

Ira Smilovitz, EA Leonia, NJ

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