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Filing & Payment Deadlines

IRS Extends 2020 Income Tax Filing Deadline to July 15, 2020

Annual Tax Filing:

Individuals and Families - Annual personal income tax filings (Form 1040) are due on Wednesday, July 15, 2020. The majority of people file a 1040. 

Note: For 2020, the tax refund filing and payment deadline is July 15, 2020. No interest will accrue on late payments until July 16, 2020. 

Corporations (including S and C Corps) - C corporations (Form 1120) also file on July 15, 2020. S corporations (Form 1120S) and partnerships (Form 1065) file on March 15. 

Tax Deadlines For 2020 Estimated Payments:

Note: There is pending legislation that may move all of these deadlines to October... it's an evolving situation so stay tuned.

Payments for estimated taxes are due on four different quarterly dates throughout the year:

1Q — April 15 (this has been delayed until July 15, 2020 as well)
2Q — June 15 (this has NOT been delayed yet, but likely will)
3Q — September 15
4Q — January 15 of the next year

Tennessee Taxes:

The Tennessee Department of Revenue has extended the due date for filing and paying the 2019 Hall income tax from April 15, 2020 to July 15, 2020. Taxpayers will have until July 15, 2020, to file returns and make any payments originally due on April 15, 2020.

The Tennessee Department of Revenue has extended the due date for filing and paying 2019 Franchise and Excise tax from April 15, 2020 to July 15, 2020. Taxpayers will have until July 15, 2020, to file returns and make any payments (including quarterly estimated payments) originally due on April 15, 2020. Interest and late filing penalties will not be applied to returns filed and payments made on or before this extended due date. The October 15, 2020, six-month extension date for the calendar year 2019 return remains unchanged. 

The Tennessee Department of Revenue has extended the due date for filing 2019 Business Tax (Gross Receipts Tax) returns from April 15, 2020 to June 15, 2020. Taxpayers will have until June 15, 2020, to file returns and make any payments originally due on April 15, 2020. Interest and penalties will not be applied to returns filed and apyments made on or before the extended due date.

Deadline for 2019 IRA Contributions:

Contributions can be made to your IRA, for a particular year, at any time during the year or by the due date for filing your return for that year. Because the due date for filing Federal income tax returns has been postponed to July 15, the deadline for making contributions to your IRA for 2019 is also extended to July 15, 2020.