News Releases Louisiana Department of Revenue

The deadline to file 2019 annual income tax returns for individuals, trusts or estates, and corporations has been extended from April 15, 2020, toJuly 15, 2020. Is offering an extension forstate income tax returns and payments.Returns and payments due April 1 – June 1 will now be dueJuly 15, 2020.Penalty and interest will not be charged if payment is made by July 15. TheOhio Department of Taxationannounced that filing and payment deadlines for state income taxes have been extended toJuly 15, 2020. The annual state income tax return otherwise due on April 15, 2020 now be due onJuly 15, 2020; those otherwise due on April 30, 2020 will instead be due on July 31, 2020.The dates are the same for state income tax payments. No late-filing or underpayment penalties are due for qualifying taxpayers who comply with filing and payment deadlines.

If you are a quarterly or annual sales tax vendor, and were unable to file or pay your March 20, 2020, sales tax return due to COVID-19, you may be eligible to apply to have penalty and interest waived. The Mississippi Department of Revenueextended tax relief to individual and business taxpayers due to COVID‐19.

California Legislative Session Updates

She also announced an economic transition plan will be released in early May. According to theIllinois Policy Institute, the state’s nearly-empty Budget Stabilization Fund would not even be able to cover 16 minutes’ worth of state spending. If you already scheduled your return or extension payment due on April 15, 2021, your direct debit payment will not be automatically rescheduled to occur on May 17, 2021. If any days remained in the two-year time period allowed to claim the credit under RPL §339 as of August 5, 2020, those remaining days are added to the 444 day extension period.

Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. In general, estimated tax payments are made quarterly to the Kentucky Department of Revenue by people whose income isn’t subject to income tax withholding. Most taxpayers automatically have their taxes withheld from their paychecks and submitted to the Kentucky Department of Revenue by their employer. In response to the COVID-19 emergency, the federal government has granted a 90-day extension of the April 15 tax payment deadline. It’s a move made to free up much-needed liquidity for individuals and businesses in a time when cash is running low for many.

Delaware’s Delinquent Taxpayers

In early March, Gov. Asa Hutchinson said he wanted to transfer some of the state’s $54 million surplus into the Long Term Reserve Fund (the state’s general rainy day fund). The Long Term Reserve Fund is currently funded at only $153 million, or 2.7 percent of last year’s general fund budget. Any individual who expects to receive more than $8,000 of Pennsylvania-taxable income not subject to withholding by a Pennsylvania employer must estimate and pay personal income tax quarterly. Estimated https://accounting-services.net/ tax due dates for individuals are typically April 15, June 15, Sept. 15 and Jan. 15. This is an automatic extension of the 2019 tax year filing and payment due dates for certain affected taxpayers. Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. Individuals and corporations that file their return or request an extension of time to file by July 15, 2020, will automatically avoid interest and penalties on the tax paid by July 15.

A state-by-state roundup of major state legislative responses to the COVID-19 outbreak appears below the table and will be updated periodically. Please refer to the notice you received for phone and fax numbers, mailing address, and further instructions on responding to the department. The Annual Report for Electric Generation Facilities was originally due April 30, 2020.

More From the Los Angeles Times

For filers who submit an automatic return filing extension, the due date for returns previously due June 15, 2020, but now due July 15, 2020, shall be December 15, 2020. The delayed filing deadline — which the Department of Revenue moved from April 15 to July 15 to correspond with federal changes by the IRS — will cause “significant disruption to the budget process,” Senate Majority Leader Jake Corman (R., Centre) said. To ensure that all sectors of Hawaii’s economy, especially those that transact business in cash, pay their fair share of taxes; and to prevent, through Is the Tax Deadline Delayed? What to Know About Coronavirus enforcement and deterrence, the shortchanging of those that comply with Hawaii tax laws. If you needed help from IRS in 2020, you may have encountered some difficulties. IRS closed in-person services for several weeks in spring 2020 and live phone assistance was completely unavailable. In May 2020, IRS reopened live phone assistance lines and many IRS staff who provided this help did so safely from their homes, but wait times to speak to an assistor were longer than usual. The below graphic shows the percentage of taxpayers seeking and reaching telephone assistance.

• They have also suspended the accrual of interest and penalty on all new assessments and all prior liabilities.
• Withholding tax is withheld from employee wages and remitted to the state each month.
• In exchange for temporary taxation, Gov. Northam promised to veto any bills that would further delay the ban.
• Hawaii News Now hasreportedpublic employee pay cuts or furloughs are being considered.

The Colorado Department of Revenue also extended the April 20 sales tax filing and payment deadline to May 20 for state sales taxes and local sales taxes administered by the state. However, home rule municipalities and counties that administer their local sales taxes separately from the state are not required to offer the same extension, and many have not extended their deadlines. The Idaho State Tax Commissionextended 2019 Idaho income tax filing and payment deadlines from April 15, 2020, toJune 15, 2020.The extension applies to all taxpayers – including individuals, businesses, and entities – regardless of the amount owed.

Washington Legislative Session Updates

PPP borrowers may engage the services of an accountant to track the use of their PPP funds. However, only the borrower or an authorized representative who is legally authorized to make certifications on the borrower’s behalf may submit an application for loan forgiveness. Accountants should be aware of this limitation and ensure that an authorized representative of the borrower understands his or her obligation to complete, review, and certify to the contents of any loan forgiveness application. This applies to individuals, trusts, estates, partnerships, associations, companies or corporations.

Unless we need to ask you for additional information to verify what you submitted on your return, we do not anticipate processing delays. For more information For EFT and Non-EFT Franchise Taypayers on additional extensions, penalties and due dates, clickhere. Check the status of your return, complete identity verification processes, make payments and much more from the comfort of your homethrough OkTAP. North Dakota tax booklets, forms and payment vouchers may be found on the Office of State Tax Commissioner’s website at/tax/forms. All paper filings should be marked “COVID-19” on the top center of the first page.

Corporations may request an additional extension of time to file from the IRS, and Delaware will grant the same extension, if a copy of the federal extension request is included with the Delaware final corporate return when filed. The IRS announced today that the due date for paying taxes is pushed back to July 15 for individuals and businesses due to the coronavirus emergency. Corporations and consolidated groups can postpone up to $10 million in tax payments while all other taxpayers can postpone up to $1 million, the IRS stated. Estimated personal income tax payments due on April 30, 2020 are extended to July 15, 2020.