IR-2021-104, May 7, 2021 The Internal Revenue Service today reminds tax-exempt organizations that operate on a calendar-year (CY) basis that certain annual information and tax returns they file with the IRS are due on May 17, 2021. Any individual who is a small business owner is most likely going to have to make estimated tax payments during the year to cover their potential tax liability. Reminder: Personal Tax Return 1040 is Due by May 17, 2021. Implications. The IRS has extended its filing deadline by a month from April 15 to May 17, 2021. The due date to file and pay 2020 individual tax returns (Form 1040) is postponed to May 17, 2021. This is referred to as "auto-revocation." The IRS announced its decision on Wednesday, saying it will provide further guidance in the coming days. The IRS is experiencing delays in processing paper returns in our service centers. The law provides a three-year window of opportunity to claim a refund. IRS will delay tax filing due date until May 17 By SARAH SKIDMORE SELL March 17, 2021 Americans will be getting extra time to prepare their taxes. Updated 4/1/21 - On Wednesday, March 17th, the U.S. Treasury Department and Internal Revenue Service extended the due date of individual Federal income tax returns, which also extended the deadline to make contributions to IRAs and HSAs from April 15, 2021 to May 17th, 2021. Financial institutions should consider how this relief will affect their operations. Individual taxpayers can now also postpone federal income tax payments for the 2020 tax year due on 15 April 15, 2021, though to 17 May (2021), without penalties and interest, regardless of If taxpayers dont file a return within three years, the money becomes property of the U.S. Treasury. The Internal Revenue Service says its delaying the traditional tax filing deadline from April 15 until May 17. The IRS announced on March 17, 2021 that it was extending the due date for 2020 individual tax returns from April 15, 2021 until Monday, May 17, 2021. The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be extended. Well continue that drumbeat.. The IRS has faced pressure from accounting groups like the American Institute of CPAs, the National Conference of CPA Practitioners and the National Association of Enrolled Agents to push back more of the tax deadlines during the pandemic, particularly for making estimated quarterly tax payments. (AP Photo/Patrick Sison, File) Americans will be getting extra time to prepare their taxes. Two major CPA and Tax Accounting Organizations have filed formal request to the IRS the change the tax season 2021 tax filing date from April 15th to July 15th. The Treasury Department and the IRS extended the deadline in March. File Form 4868 Now with Our Sister Product, ExpressExtension & Extend Your Deadline up to October 15, 2021. The due dates for providing certain information returns related to health insurance coverage has been extended. The IRS issued the announcement as a follow-up to the news earlier this month that it is extending the April 15 tax-filing deadline until May 17. It also applies to the quarterly payroll and excise tax returns normally due on April 30, 2021. The Internal Revenue Service has stated that it will postpone the traditional tax filing deadline from April 15th to May 17th. Notice 2021-21 also postpones the due date for Form 5498 series returns related to these accounts to June 30, 2021. , organizations whose tax-exempt status has been extended 1040 ) is postponed to May, Our Service centers relief to Form 1040 due date for 2020 tax returns due. Income tax filings and payments for individuals are due March 15 in the meantime, the money property. 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