Below is a snapshot of significant changes affecting your income tax filings:

  • On March 20th, the US Treasury announced that the tax filing deadline has been moved this year from April 15th to July 15th.  Along with this change, an extension request is not required provided that income tax returns are filed by this date.  Should additional time be needed, however, an extension request would continue to be available to allow for timely filing by October 15th
  • Payment of balances due on 2019 income taxes are also allowed an extension until July 15th.  No further steps are necessary to receive this extension of time to pay.  However, there is no extension of time to pay beyond July 15th.  Payments remitted after this date for 2019 income taxes will be considered late and penalties and interest will be assessed. 
  • The US Treasury has also announced that first quarter estimated tax payments, which are normally due April 15th, are also extended until July 15th.  No further steps are necessary to receive this extension of time to pay. 
  • The second quarter estimated tax payment is generally due June 15th.  No extension has been granted for this payment.
  • If your 2019 income tax returns have been previously prepared, and if automatic payment arrangements were established to remit payment on April 15th, it is worth noting that the Internal Revenue Service will not modify this payment date on your behalf.  If you require changes to be made, the only option available is to cancel the payment and choose an alternate payment method.  To do so, you must call IRS e-file Payment Services at (888)353-4537 no later than 11:59 pm E.T. two business days prior to the scheduled payment date.  This will apply to both 2019 income tax payments as well as to 2020 estimated tax payments.  Should you make a change and need a payment voucher to remit the payment, please contact our offices and we can print one for you to utilize. 
  • Income tax returns with refunds will continue to be issued payment on the pre-arranged payment cycle established by the Internal Revenue Service.  We expect no delays to those refunds at this time.
  • Wisconsin has also announced that income tax returns and the corresponding payments will now be due on July 15th.  Like the Federal change, there is no requirement to file an extension request in order to receive the additional time to file and pay. 
  • Illinois income tax returns have not been extended as of today.  We anticipate further changes will be forthcoming with respect to the tax filing deadlines and will provide updates as information becomes available.  For the time being, April 15th remains the due date for those individual income tax returns.
  • Similarly, Illinois has not extended payment deadlines for 2019 income taxes and 2020 estimated tax payments.
  • We can apprise you of other state income tax filing requirements on an individual basis should you have filing requirements in any other states.