New filing and payment deadlines for IRS and FTB
IRS – New due dates
- The 2019 tax filing and payment deadline has been moved to July 15, 2020
- The April 15, 2020 estimated tax payment has been moved to July 15, 2020
Until further guidance from the IRS is provided:
- the June 15, 2020 estimated tax payment is due June 15, 2020
- The due date for Individual Retirement Account (IRA), Roth IRA and Health Savings Account contributions remains April 15, 2020 (Note: tax code implies that the contribution date would move, yet the Treasury and the IRS have not made it explicit)
- Contribution dates and rules pertaining to employer-related retirement accounts (401(k), SEP-IRA, Simple-IRA, Defined Benefit Plans) remain unchanged
- Required minimum distributions from retirement plans for 2020 remain unchanged.
Visit irs.gov/coronavirus for more information.
FTB – New due dates:
The 2019 tax filing and payment deadline has been moved to July 15, 2020,
The April 15, 2020 estimated tax payment has been moved to July 15, 2020,
The June 15, 2020 estimated tax payment has been moved to July 15, 2020.
For information on all 50 states and various local governments, eg. San Francisco, check out this resource from the American Institute of CPAs (AICPA)
Emergency Funds
Request or receive SF Bay Mutual Aid On March 18, the Families First Coronavirus Response Act was passed into law. The new legislation includes a number of measures including:
- Emergency funding for unemployment benefits and Medicaid,
- Paid sick leave and paid family and medical leave
- And business credits for businesses providing paid leave