On April 9 the IRS issued Notice 2020-23. This Notice amplifies prior Notices regarding the due dates for various tax returns and payments. It confirms that the due date for individual income tax returns is extended to July 15, 2020. It also states that the due date for any of the following returns that would otherwise be due between April 1 and July 15 is extended to July 15: Estate income tax return (Form 1041); Estate estate tax return (Form 706); and Gift tax return (Form 709). The relief is automatic. There is no need to contact the IRS or file an extension. Also postponed to July 15 are quarterly estimated income tax payments (Form 990-W), estimated tax payments for individuals (Form 1040-ES) and estimated income tax payments for estates and trusts (Form 1041-ES).
Mr. Hendel has been practicing wealth preservation planning for over thirty years.