Tax Deadline Extended

The IRS has extended the deadline to file and pay 2019 Taxes until July 15, 2020. North Carolina has also extended the deadline to file and pay 2019 Taxes until July 15, 2020. No penalties nor any interest will accrue, provided your returns are complete by the deadline. Penalties and interest will begin accruing on July 16, 2020. If you cannot complete your return by July 15, 2020 you can file an extension, which will then give you until October 15, 2020 to file. It is important to note that an extension does NOT give you an extension on payment – you are still required to pay any owed taxes by July 15, 2020. Penalties and interest will begin accruing on July 16, 2020 if you have not filed by then. Penalties include a late filing penalty if you do not have an extension. If you owe and do not pay with your extension, you will incur a late payment penalty as well as interest. If you have any questions, please contact our office.