State COVID-19 Filing Guidance and Relief
Prior to the Internal Revenue Service (IRS) release of Notice 2020-17 on March 18, 2020, a number of states had issued extensions of time to file and/or pay business income tax and individual income tax and/or relief from late filing/payment penalties. Notice 2020-17 is available here. Other states have adopted the federal relief, while a number of others are expected to issue guidance.
As of March 19, 2020, the following states have announced business and individual income tax return filing extensions and/or late filing/payment penalty relief: California, Connecticut, Maryland, North Carolina, Oregon, South Carolina, and Washington. Additional states have announced, or it has been reported, that they will follow Notice 2020-17 and these include: Alabama, Colorado, Georgia, Indiana, Massachusetts, Michigan, and Ohio.
We will continue to monitor and keep you updated as additional information and guidance is released. If you have any questions or concerns, please contact us at 517.323.7500.
This article originally appeared in BDO USA, LLP’s “Insights” blog (https://www.bdo.com/insights/tax/state-and-local-tax/state-covid-19-filing-guidance-and-relief). Copyright © 2020 BDO USA, LLP. All rights reserved. www.bdo.com