News & Analysis as of

Income Taxes › Time Extensions

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Eversheds Sutherland (US) LLP

A fickle friend: Released on the same day, IRS rulings grant and deny 9100 relief

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On December 1, 2023, the Internal Revenue Service (IRS) released two private letter rulings (PLRs) that considered taxpayer requests to file an extension of time to make a regulatory election within the meaning of Treas. Reg....more

Nossaman LLP

UPDATE | Extended Again: Federal and California Tax Relief for California Storms

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As practitioners predicted, the California Franchise Tax Board has adopted the federal November 16, 2023 extensions for similar state returns and payments. To those CPAs and taxpayers who pulled all-nighters to get returns...more

DarrowEverett LLP

IRS Response to Israel’s Declaration of War: Relief to Impacted Taxpayers, But Extensions Granted to Its Enforcement Arm

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In IRS Notice 2023-71 (the “Notice”), the Internal Revenue Service (“IRS”) granted a postponement until October 7, 2024 for various time-sensitive filing and payment deadlines for taxpayers affected by the terrorist attacks...more

McGlinchey Stafford

Mailing Your Tax Return by the Due Date Is Not Enough

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A recent United States Tax Court memorandum decision demonstrates once again the importance of understanding the rules for timely filing your tax return. See John P. Zaimes v. Commissioner of Internal Revenue. If a tax return...more

Jones Day

IRS Updates Fast-Track Program for Certain Corporate Tax Rulings

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A new program offers rulings in 12 weeks, even absent a showing of business need. Revenue Procedure 2023-26, issued July 26, 2023, in replacement of a popular 18-month pilot program under Revenue Procedure 2022-10,...more

Foodman CPAs & Advisors

Extension To File Taxes Does Not Equal Extension To Pay Taxes

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Need more time to prepare your federal tax return? Taxpayers who aren’t able to file by the April 18, 2023, deadline can request an extension before that deadline, but they should know that an extension to file is not an...more

McDermott Will & Emery

Weekly IRS Roundup April 17 – April 21, 2023

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Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 17, 2023 – April 21, 2023...more

Freeman Law

Obtaining Extension to Make §754 Election

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Private Letter Ruling 202244002, November 4, 2022 - In a recent Private Letter Ruling, the Internal Revenue Service granted a partnership 120 days from the date of the letter to make an election under §754 of the Internal...more

Holland & Knight LLP

Resolución que modifica fechas para el registro de Beneficiarios Finales en Colombia

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Tal como lo anticipó la alerta del 27 de septiembre de 2022, la Dirección de Impuestos y Aduanas Nacionales (DIAN) de Colombia expidió la Resolución 001240 de 28 de septiembre de 2022, por la cual modificó los artículos 10,...more

Blank Rome LLP

Court Holds Actual Extended Filing Date is Key in Determining Timeliness of Refund Claim

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The Oklahoma Supreme Court held that a corporation’s refund claim was timely because it was filed within three years from the filing of its original return on extension. In doing so, the Court rejected the Oklahoma Tax...more

Miles & Stockbridge P.C.

Maryland Extends Filing and Payment Deadlines for Quarterly Estimated Tax Filers

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This is an update to our prior blog posts regarding Federal and Maryland State tax deadlines. The Comptroller recently announced that Maryland individual taxpayers who pay estimated quarterly taxes may defer payments for...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Updates from the NC General Assembly and Governor’s Office - April 2021 #4

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This week, Gov. Roy Cooper issued a new Executive Order lifting many COVID-19 restrictions and legislators considered a number of bills.                   Order Loosens COVID-19 Restrictions - This week, Gov. Roy...more

Neal, Gerber & Eisenberg LLP

Deadline for Filing Extensions on Gift Tax Returns Is April 15

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The Internal Revenue Service recently announced the federal income tax filing due date for individuals for the 2020 tax year will be extended automatically from April 15, 2021, to May 17, 2021.  However, this announcement did...more

Burns & Levinson LLP

Individual Income Tax Filing and Payment Deadline Extended to May 17, 2021

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The U.S. Department of the Treasury and Internal Revenue Service announced on March 17, 2021, that the federal income tax filing due date for individuals will be automatically extended from April 15 to May 17, 2021. This...more

Bricker Graydon LLP

Federal and Ohio tax deadlines extended

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On March 17, 2021, the Treasury Department and the Internal Revenue Service announced that the federal income tax filing due date deadline has been extended from April 15, 2021 to May 17, 2021. At the same time, the IRS also...more

Gould + Ratner LLP

IRS Extends Federal Income Tax Filing Deadline for Individuals to May 17

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The IRS announced late last week that the due date for filing 2020 federal individual income tax returns and making 2020 federal individual income tax payments is automatically postponed from April 15, 2021, to May 17, 2021. ...more

Lasher Holzapfel Sperry & Ebberson PLLC

Tax Day Is Now May 17th, 2021 – The IRS Extension: What It Means To You.

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The IRS announced Wednesday that the April 15th deadline for federal tax return filing and payments due for individuals, tax year 2020, will be automatically extended to May 17th, with formal guidance to practitioners to...more

Greenbaum, Rowe, Smith & Davis LLP

IRS And New Jersey Extend April 15 Income Tax Deadline To May 17

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On March 17, 2021, Internal Revenue Service (IRS) Commissioner Chuck Rettig announced that the IRS will extend by one month the deadline for the filing of tax returns and the payment of tax for the 2020 taxable year for...more

Greenberg Glusker LLP

IRS and California Franchise Tax Board Extend Deadlines for Individual Taxpayers to May 17, 2021 – What You Need to Know

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During the week of March 15, both the Internal Revenue Service and the California Franchise Tax Board extended the deadlines for individual taxpayers to file their 2020 income tax returns and pay their 2020 taxes from April...more

Nutter McClennen & Fish LLP

United States Treasury Department and Massachusetts Department of Revenue Both Announce Extension of April 15 Filing Deadlines

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On March 17, 2021, the Internal Revenue Service (“IRS”) announced that the deadline for both filing Federal individual income tax returns and making payments has been extended from April 15, 2021 to May 17, 2021. Interest and...more

Gibney Anthony & Flaherty, LLP

New York State Extends Tax Filing Deadline to May 17, 2021

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New York State has extended the due date for personal income tax returns and related payments originally due on April 15, 2021 to May 17, 2021. This follows the federal tax deadline which was also extended from April 15,...more

Chambliss, Bahner & Stophel, P.C.

2021 IRS Filing Deadline Extension — What It Means for You

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On March 17, the IRS granted taxpayers an automatic filing and payment extension of 2020 individual income tax returns to May 17, 2021. As of right now, this delay only applies to federal income tax filings for individuals,...more

Bricker Graydon LLP

Federal tax deadline extended—No word from Ohio Department of Taxation yet

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On March 17, 2021, the Treasury Department and the Internal Revenue Service announced that the federal income tax filing due date deadline has been extended from April 15, 2021 to May 17, 2021. At the same time, the IRS also...more

BCLP

Federal Income Tax Due Date Postponed to May

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The IRS announced on Wednesday that the due date for individual federal income tax returns has been postponed to May 17, 2021. The postponement also applies to individuals who pay self-employment tax....more

Pierce Atwood LLP

Maine Individual Income Tax Deadline Extended to May 17, 2021

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On March 18, 2021, Maine Governor Janet Mills announced that the state will extend the deadline for Maine individual income tax payments from April 15, 2021 to May 17, 2021. The governor’s announcement comes one day after the...more

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