On Wednesday, March 17, the IRS announced a partial extension to the tax filing season. Partial because the scope of this year’s extension is extremely limited when compared to the relief they provided in 2020.

The filing and payment deadline for individual filers only has been moved from April 15 to May 17. This extension applies only to your federal return, although states are already beginning to respond to this change. Kentucky has just announced that they would follow federal with this extension. We are continually monitoring all other state announcements to determine if a return must go out or be extended by April 15 for state purposes. However, if you owe an estimate payment for the first quarter of 2021, this payment is still due by April 15.

With this announcement, no C Corporation, Trust, or other April 15 filing or payment deadlines were extended. We are continuing to work toward the April 15 deadline for all applicable returns and we will continue to monitor this situation for updates or changes. If any additional updates are released, we will be sure to send them out to you. This information is current as of March 19, 2021.