IRS Broadens Tax Return Filing in Response to COVID-19

Codes and Standards
Published

The IRS has significantly broadened its tax return filing and payment relief in response to COVID-19. According to Notice 2020-23, nearly all taxpayers with a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020, will now have until July 15, 2020 to file returns and make payments without penalties or interest. In a prior notice, deadlines were only extended for tax forms and payments due April 15, 2020.

The expanded relief applies to individuals, partnerships, corporations, estates, and other non-corporate tax filers, including fiscal-year filers. In addition, the notice applies to estimated tax payments previously due June 15 as well as time deadlines related to like-kind exchanges and opportunity zone-related actions. The delay of these deadlines is automatic, thus taxpayers need not file for extensions.

Notice 2020-23 supersedes prior guidance and provides relief for a list of “time-sensitive actions,” effectively postponing the deadline to July 15 for most actions that had been required to be taken from April 1 through July 14. This includes filing relief with respect to some forms not specifically identified in the notice, such as Forms 990 (tax-exempt organizations) and 4466 (corporation application for “quick refund” of estimated tax overpayments).

Taxpayers who have scheduled payments for April 15 have until midnight tonight (i.e. 11:59 p.m. April 13, 2020) to reschedule/delay their payment. For more detail on affected tax forms, see pp. 3-7 of Notice 2020-23.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Remodeling | Publications

Jun 19, 2025

Award-Winning Advice: Surround Yourself With Good People

In the latest edition of Pro Remodeler, 2024 Remodeler of the Year Mike Pressgrove shares advice from his career.

Advocacy | Economics

Jun 18, 2025

Podcast: Mid-Year Update on Economic Indicators and Advocacy Priorities

On the latest episode of NAHB’s podcast, Housing Developments, COO Paul Lopez welcomes NAHB Chief Economist Dr. Robert Dietz and Chief Advocacy Officer Ken Wingert for a mid-year check in on key economic indicators and NAHB policy priorities driving home building for the rest of 2025.

View all

Latest Economic News

Economics

Jun 20, 2025

Single-family Construction Loan Volume Grows

Credit conditions for builders and developers eased in the first quarter of 2025 as the level of outstanding 1-4 family residential construction loans rose for the first time in two years, according to data released by FDIC.

Economics

Jun 18, 2025

The Fed Pause Continues

Reflecting most forecasters’ expectations for the June FOMC meeting, the Federal Reserve continued its post-2024 pause for federal funds rate cuts, retaining a target rate of 4.5% to 4.25%.

Economics

Jun 18, 2025

Sharp Drop in Multifamily Production Brings Overall Housing Starts Down

A sharp decline in multifamily production pushed overall housing starts down in May, while single-family output was essentially flat due to economic and tariff uncertainty along with elevated interest rates.