On 18th March, the IRS announced an extension of the deadline for payment of US Taxes to 15th July 2020. However, the extension only applies to the payment of US Tax, the deadline for filing tax returns remains 15th April in the USA, and 15th June for US Citizens residing overseas. The IRS also reminded those subject to the 15th April deadline that they can request a 6 month extension to their filing return deadline.

The extension comes as the IRS and the Treasury respond to the unprecedented spread of COVID-19. The IRS website explains that “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.”

Need some advice?

If you have any questions or concerns please do not hesitate to contact our specialist US tax team. We are operating as normal. To speak to an adviser about your US/UK Tax affairs, please call Rachel Finch, Director, on 01275 867350. Alternatively, you can send a message to the team now.

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