IRS Tax Tip 2020-83, July 9, 2020
Taxpayers should file their tax return by the deadline even if they cannot pay the full amount due. Otherwise, they may end up owing even more because penalties and interest can cause a taxpayer's debt to grow.
If a taxpayer owes taxes, but can't pay by the July 15, 2020 deadline, they should:
File their tax return or request an extension of time to file.
To get an extension to file, taxpayers must do one of the following:
- Submit an electronic payment with Direct Pay, Electronic Federal Tax Payment System or by debit, credit card or digital wallet and select Form 4868 or extension as the payment type.
Pay what they can by the deadline.
Taxpayers must pay their bill on time. If they don't, they will could face a failure-to-pay penalty. Taxpayers should remember that an extension of time to file is not an extension of time to pay. An automatic extension of time to file will process when taxpayers pay all or part of their taxes electronically by the Wednesday, July 15 due date.
Set up a payment plan.
The tax filing deadline has been postponed to Wednesday, July 15, 2020. The IRS is processing tax returns, issuing refunds and accepting payments. Taxpayers who mailed a tax return will experience a longer wait. There is no need to mail a second tax return or call the IRS.
- Tax Topic 653, IRS Notices and Bills, Penalties, and Interest Charges
- What Is the Due Date of My Federal Tax Return or Am I Eligible to Request an Extension?