IRS Filing Deadlines and Forms, especially, Form 990-T.

In Notice 2020-18 (PDF), the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency.  

The IRS has provided a webpage with answers to frequently asked questions related to the relief provided in the Notice. These questions and answers will be updated periodically and are designed to be a flexible tool to communicate information to taxpayers and tax professionals in this changing environment. 

The answers to these questions provide responses to general inquiries and are not citable as legal authority.  Accordingly, the Treasury Department and the IRS are continuing to consider additional IRB guidance on these issues addressed in these FAQs.

The webpage is located at:

https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers

However, in response to questions received, it is worthwhile to highlight the following regarding the filing deadline of Form 990-T for those entities which are required to file such a form (emphasis added):

Q3: What are the from numbers of the specific Federal income tax returns whose filing deadlines have been postponed, from April 15 to July 15, under the Notice?

A: The Notice postpones the filing and payment of Federal income taxes reported on the following forms:  

• Form 1040, 1040-SR, 1040-NR, 1040-NR-EZ, 1040-PR, 1040-SS
• Form 1041, 1041-N, 1041-QFT
• Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-SF
• Form 8960
• Form 8991
  
  
• With respect to Form 990-T, if that Form is due to be filed on April 15, then it has been postponed to July 15 under the Notice. For taxpayers whose Form 990-T is due on May 15, that due date has not been postponed under the Notice.

With respect to returns due on March 16, 2020, which include Form 1065, Form 1065-B, Form 1066, and Form 1120-S for calendar year taxpayers, the filing of those returns has not been postponed.

Attribution: IRS Filing and Payment Deadlines Questions and Answers website. 

Christopher Fusco

RCRI