b'Tax Deadlines Moved BackBy: Frank FridayGovt Affairs ExecutiveA fter the terrible COVID-19 virus outbreak shut downThis announcement came following the Presidents the nation this spring, the IRS ruled that the federalemergency declaration pursuant to the Stafford Act. The income tax filing due date will be automaticallyStafford Act is a federal law designed to bring an orderly extended from April 15, 2020, to July 15, 2020. and systematic means of federal natural disaster and emergency assistance for state and local governments Taxpayers can also defer federal income tax paymentsin carrying out their responsibilities to aid citizens. There due on April 15, 2020, to July 15, 2020, without penaltiescould be additional changes announced by the IRS if the and interest, regardless of the amount owed. Thisemergency persists.deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporateAt the state level, Kentucky 2019 state income taxes tax filers as well as those who pay self-employment tax. are also being deferred to July 15. The 2019 Kentucky income tax return filing due date has been extended from Taxpayers do not need to file any additional formsApril 15, 2020 to July 15, 2020. Late filing penalties will or call the IRS to qualify for this automatic federal taxbe waived for 2019 Kentucky income returns that are filed filing and payment relief. Individual taxpayers who needby July 15, 2020.additional time to file beyond the July 15 deadline can still request a filing extension by filing Form 4868.Kentucky income tax payments due on April 15, 2020 Businesses who need additional time must file Form 7004. are deferred for 90 days to July 15, 2020. Late payment penalties will be waived for income tax payments If a person is due a refund, the service urges taxpayersdeferred from April 15, 2020 to July 15, 2020.However, to file as soon as possible. Most tax refunds are still beinginterest still applies to the deferred income tax payments issued within 21 days. because Kentucky law prohibits the waiver of interest. Even with the filing deadline extended, we urgeThis only applies to state income tax.taxpayers who are owed refunds to file as soon asHowever, in a separate order, Gov. Beshear ruled all possible and file electronically, said IRS Commissionervehicle plate renewals are extended another 90 days from Chuck Rettig. Filing electronically with direct depositoriginal date of expiration until further notice. This also is the quickest way to get refunds. Although we areapplies to penalty and interest charges. Auto dealer temp curtailing some operations during this period, the IRStags are also good for an additional 90 days after their is continuing with mission-critical operations to supportoriginal expiration date. The 90-day extension applies to the nation, and that includes accepting tax returns andall regular and commercial drivers licenses. sending refunds.7'