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Maryland Society of Accounting & Tax Professionals | PA Filing Deadline Extended, IRS Q&A, MD Tax Preparers Deemed “Essential Service”

PA Filing Deadline Extended, IRS Q&A, MD Tax Preparers Deemed “Essential Service”

Pennsylvania Extends Personal Income Tax Return Filing Deadline to July 15, 2020

The Department of Revenue today announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This means taxpayers will have an additional 90 days to file from the original deadline of April 15.

The Department of Revenue will also waive penalties and interest on 2019 personal income tax payments through the new deadline of July 15, 2020. This extension applies to both final 2019 tax returns and payments, and estimated payments for the first and second quarters of 2020.

Read more about the extension here.

 


Property Tax/Rent Rebate Program Application Deadline Extended to End of Year

In response to the COVID-19 outbreak, the deadline for older adults and Pennsylvania residents with disabilities to apply for rebates on rent and property taxes paid in 2019 has been extended from June 30 to Dec. 31, 2020, the Department of Revenue announced today.

Read more about the extension here.

 


Filing and Payment Deadlines Questions and Answers | IRS

Q: I already filed my 2019 income tax return that would have been due on April 15 and scheduled a payment of taxes for April 15, 2020. Will this payment be automatically rescheduled to July 15, 2020?

A: No, the payment will not be automatically rescheduled to July 15. If you do nothing, the payment will be made on the date you chose. Here is information on how to cancel and reschedule your payment:

  • If you scheduled a payment through IRS Direct Pay, you can use your confirmation number from the payment to access the Look Up a Payment feature. You can modify or cancel a scheduled payment until two business days before the payment date. The email notification you received when you scheduled the payment will contain the confirmation number.
  • If you scheduled a payment through Electronic Federal Tax Payment System (EFTPS), click on Payments from the EFTPS home page, login, then click Cancel a Tax Payment from the left menu and follow the instructions. You must do so at least two business days before the scheduled payment date.
  • If you scheduled a payment as part of filing your tax return (authorizing an electronic funds withdrawal), you may revoke (cancel) your payment by contacting the U.S. Treasury Financial Agent at 888-353-4537. You must call to make a payment cancellation request no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
  • If you scheduled a payment by credit card or debit card, contact the card processor to cancel the card payment

For more frequently asked questions about filing and payment deadlines, click here.

 


Tax Preparers Deemed “Essential Service” Under Executive Order | Comptroller of Maryland

Comptroller Peter Franchot today clarifies that tax preparation services are considered an “essential service” and may remain open for business during the State of Maryland’s response to the COVID-19 pandemic.

Below is a statement from Comptroller Franchot:

“Tax preparation services fall under ‘financial services’ as outlined in the list of exempt businesses in Governor Hogan’s March 23rd executive order, and therefore should remain open as a critical infrastructure sector.

“Our agency regards tax preparers as a vital financial service that is available to taxpayers. Earlier this month, I announced extensions to deadlines for individual and corporate income tax filings and payments to July 15 and for business-related tax payments to June 1. However, taxpayers and businesses will still rely on professional tax preparers to help manage their finances during these challenging economic times. Preparers also help individuals who have yet to file their returns, but are counting on tax refunds to survive the economic downturn.

“Even with delayed due dates, continued assistance from these services to both individual and business taxpayers will help ensure that the tax filing and payment processes remain timely and accurate.”

Continue reading the press release here.