This video was published by the IRS.
The IRS deadlines to file and pay federal income taxes are automatically extended to July 15, 2020. The extensions generally apply to many taxpayers who have a deadline falling on or after April 1, 2020 and before July 15, 2020. People, trusts, estates, corporations, and other non-corporate tax filers qualify for the extra time. This means that anyone, including Americans who live and work abroad, can now wait until July 15 to file their 2019 Form 1040 and pay their taxes. There is no late-filing penalty, late-payment penalty, or interest.
The new July 15 due date also applies to estimated tax payments. So, people and corporations with a 2020 estimated quarterly tax payment originally due April 15 or June 15 can now wait until July 15 to make that payment, and there won’t be a penalty. If you need additional time to file beyond the July 15 deadline, you can request an extension to October 15, 2020. You just need to file Form 4868.
Businesses that need an extension beyond July 15 must file Form 7004. Remember, for individuals and business, extension of time to file is not an extension to pay your taxes. If you’re requesting additional time to file, you should estimate what you owe and pay that by the July 15 deadline to avoid additional interest and penalties.
Tax help is available 24/7 on IRS.gov. The IRS website also offers several online tools to help you get answers to the common tax questions.