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

Economics

Sep 24, 2025

New Home Sales Post Unexpected Large Gain in August

Sales of newly built single-family homes jumped 20.5% higher in August, to a seasonally adjusted annual rate of 800,000 from an upwardly revised reading in July, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales is up 15.4% from a year earlier. The three-month moving average of new home sales was 713,000, an increase from the 656,000 in July. New home sales remain down 1.4% on a year-to-date basis.

Membership | Legal

Sep 23, 2025

NAHB Members: Join the Housing Industry’s Attorney Network

Doing business with fellow members is a core value of the NAHB Federation. To strengthen that commitment, NAHB is building a network of attorney members to assist peers with legal issues.

View all

Latest Economic News

Economics

Sep 24, 2025

Single-Family Construction Loan Volume Falls Back

The NAHB Land Acquisition, Development and Construction (AD&C) loan survey in the second quarter reported tightening credit conditions for builders. Consequently, FDIC data reporting the outstanding volume of 1-4 family construction loans fell in the second quarter.

Economics

Sep 23, 2025

Beyond the Official Unemployment Rate: A Deep Dive into U.S. Unemployment

In August, the official, or standardly referenced, unemployment rate rose slightly to 4.3%, up from 4.2% in July. This marks the highest level in nearly four years, though it remains historically low.

Economics

Sep 22, 2025

Single-Family Homes Are Built Faster in 2024

Building a new single-family home took less time in 2024 compared to the previous two years. On average, it now takes 9.1 months from start to finish.