Reed Smith Client Alert

In response to the ongoing coronavirus pandemic, the Internal Revenue Service and certain state taxing authorities have issued guidance that postpones the due date for filing certain tax returns and making certain tax payments. This client alert summarizes such guidance.

作者: James R. Tandler Angelo Ciavarella Michael A. Jacobs Albert D. Farr

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Federal taxes

On March 20, 2020, the Internal Revenue Service issued Notice 2020-18 (the Notice) to provide relief for certain taxpayers to file federal income tax returns and make payments of federal income tax. The Notice expands upon the relief provided in Notice 2020-17, and supersedes Notice 2020-17.

The Notice applies to any “Affected Taxpayer,” which is defined as any person (including any individual, trust, estate, partnership, or corporation) with a federal income tax payment or a federal income tax return due April 15, 2020.