All California taxpayers now have until July 15, 2020, to both file their 2019 California tax returns and make certain payments.
On March 18th, The Franchise Tax Board (FTB) announced updated special tax relief for California taxpayers due to the COVID-19 pandemic.
FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for:
-2019 tax returns
-2019 tax return payments
-2020 1st and 2nd quarter estimate payments
-2020 LLC taxes and fees
-2020 non-wage withholding payments
This action provides taxpayers a deadline consistent with that of the Internal Revenue Service (IRS) without the federal dollar limitations. Since California conforms to the underlying code sections that grant tax postponements for emergencies, FTB is extending the relief to all California taxpayers. Taxpayers do not need to claim any special treatment or call FTB to qualify for this relief.
Furthermore, on March 20, 2020, the IRS announced Tax Day has been postponed from April 15 to July 15. Taxpayers now have until the summer deadline to file their federal tax returns and submit payments.
The FTB encouraged taxpayers to continue to file tax returns on time to receive their refunds in a timely manner, including claiming the Earned Income Tax Credit and the Young Child Tax Credit. Throughout this public health crisis, the FTB continues to process tax returns, issue refunds, and provide phone and live chat services to taxpayers needing assistance.
For more details regarding FTB COVID-19 tax relief, you can visit the FTB website and search COVID-19.
HBLA understands that many of you will have questions regarding how the coronavirus may impact your taxes. Please do not hesitate to call us with any questions or concerns you may have. We are here for you.