IRS Sticks By Extended July 15 Deadline for Filing 2019 Taxes

Date : 30/06/2020 @ 10:56
Source : Dow Jones News

IRS Sticks By Extended July 15 Deadline for Filing 2019 Taxes

By Laura Saunders 

The Treasury Department and Internal Revenue Service said the deadline to file and pay 2019 taxes by July 15 wouldn't be extended further, drawing a line under the administration's consideration of such a move.

Earlier this year, the IRS postponed the tax-filing deadline from April 15 to July 15 due to disruptions caused by the coronavirus pandemic. As recently as last week, Treasury Secretary Steven Mnuchin said a further postponement of the deadline was possible.

In its announcement Monday, the agency reminded taxpayers who need more time to prepare their returns that they can receive a three-month automatic extension to file until Oct. 15, 2020, by filing Form 4868 before July 15. This form, available online, can be filed online.

An extension to file isn't an extension to pay, however. Tax payments are due by July 15, after which interest is assessed and steep penalties may be incurred.

As of June 19, 2020, taxpayers had filed 138 million individual income tax returns, nearly 90% of the total expected. About 93 million filers have received refunds averaging $2,763, according to the IRS.

Write to Laura Saunders at laura.saunders@wsj.com

 

(END) Dow Jones Newswires

June 29, 2020 20:41 ET (00:41 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20200704 09:19:44