--- title: USDT & IRS Extend the Tax Deadlines Due to COVID-19 Outbreak description: COVID-19 Outbreak Causes Treasury Department and Internal Revenue Service to extend payment deadline to July 15, 2020. Filing tax return deadline remains April 15, 2020. image: https://blog.club.capital/hubfs/Tax_Deadline_Delayed_2020_v2.5e6bda99931b5.png --- [Skip to content](https://blog.club.capital/usdt-irs-extend-the-tax-payment-deadline-due-to-covid-19-outbreak#content) [![](https://blog.club.capital/hs-fs/hubfs/CC%20Logo_Transparent%20Small%20Size.png?width=1000&height=188&name=CC%20Logo_Transparent%20Small%20Size.png)](http://www.club.capital) - Industries - [Insurance](https://club.capital/industries/insurance/) - [Youth Soccer](https://club.capital/industries/youth-soccer/) - Solutions - [Monthly Accounting](https://club.capital/solutions/monthly-accounting/) - [Tax Service](https://club.capital/solutions/tax-service/) - [CFO Services](https://club.capital/solutions/cfo-services-for-your-business/) - [Digital Marketing Services](https://club.capital/solutions/digital-marketing-services/) - Resources - [Our Company](https://club.capital/our-company/) - [Testimonials](https://club.capital/testimonials/) - [Webinars](https://club.capital/webinars/) - [Partnerships](https://club.capital/partnerships/) - [Referral Program](https://club.capital/referral-program/) - [Est-Tax-Payments](https://club.capital/est-tax-payments/) - [Podcast](https://club.capital/podcast/) - Blogs - [Small Business Finance Blog](https://blog.club.capital/) - [Youth Sports Finance Blog](https://blog.club.capital/sports) - [Marketing Blog](https://blog.club.capital/club-capital-marketing-blog) [Client Login](https://club.capital/client-login/) [Schedule a Demo](https://club.capital/schedule-a-demo/) - Industries - [Insurance](https://club.capital/industries/insurance/) - [Youth Soccer](https://club.capital/industries/youth-soccer/) - Solutions - [Monthly Accounting](https://club.capital/solutions/monthly-accounting/) - [Tax Service](https://club.capital/solutions/tax-service/) - [CFO Services](https://club.capital/solutions/cfo-services-for-your-business/) - [Digital Marketing Services](https://club.capital/solutions/digital-marketing-services/) - Resources - [Our Company](https://club.capital/our-company/) - [Testimonials](https://club.capital/testimonials/) - [Webinars](https://club.capital/webinars/) - [Partnerships](https://club.capital/partnerships/) - [Referral Program](https://club.capital/referral-program/) - [Est-Tax-Payments](https://club.capital/est-tax-payments/) - [Podcast](https://club.capital/podcast/) - Blogs - [Small Business Finance Blog](https://blog.club.capital/) - [Youth Sports Finance Blog](https://blog.club.capital/sports) - [Marketing Blog](https://blog.club.capital/club-capital-marketing-blog) [Client Login](https://club.capital/client-login/) [Schedule a Demo](https://club.capital/schedule-a-demo/) ## USDT & IRS Extend the Tax Deadlines Due to COVID-19 Outbreak By [Emily Owens](https://blog.club.capital/author/emily-owens) | March 20, 2020 Subscribe to our Blog ![](https://blog.club.capital/hs-fs/hubfs/Tax_Deadline_Delayed_2020_v2.5e6bda99931b5.png?width=866&height=534&name=Tax_Deadline_Delayed_2020_v2.5e6bda99931b5.png) ### Stay up to date #### Related Posts 1. [The S-Corp Accountable Plan: A Complete Template & Setup Guide](https://blog.club.capital/the-s-corp-accountable-plan-a-complete-template-setup-guide) 2. [We Did a Full Labor and Marketing ROI Analysis for One of Our CFO Clients. Here's What the Data Said.](https://blog.club.capital/labor-marketing-roi-analysis-cfo-client) 3. [Introducing the Club Capital Toolbox - FREE for All Agents](https://blog.club.capital/introducing-the-club-capital-toolbox) 4. [The Hidden Profit Center: Why Strategic Tax Planning is Essential for Insurance Agency Owners](https://blog.club.capital/the-hidden-profit-center-why-strategic-tax-planning-is-essential-for-insurance-agency-owners) 5. [Ready to Scale Your Insurance Agency? Let's Talk Numbers (The Fun Kind!)](https://blog.club.capital/ready-to-scale-your-insurance-agency-lets-talk-numbers-the-fun-kind) --- [Schedule a Demo](https://club.capital/schedule-a-demo/) Earlier this week, during a White House briefing it was announced the IRS will waive interest and penalty charges 90 days for Americans who owe up to $1 million in taxes in response to the coronavirus pandemic.    The payment deadline is July 15, 2020. Today, it was announced that the filing deadline has been extended to this date as well.  Details [here.](https://www.cnn.com/2020/03/20/politics/steven-mnuchin-tax-day-july-15/index.html) Important things to note: ✔️This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. ✔️IRS will automatically provide this relief to taxpayers. ✔️You do not need to file any additional forms or call the IRS to qualify for this relief. **You won't be totally off the hook for y****our tax bill** Typically, if you don't pay any tax you owe by the tax filing deadline the IRS will charge you a penalty and interest on your outstanding balance.  With the exception of any additional government relief, you'll have to pay your balance when the deferment period is up. The plus side is that you won't be charged interest or penalties during this time. ![images](https://blog.club.capital/hs-fs/hubfs/images.jpeg?width=276&name=images.jpeg) **What do we think about all of this?** Our goal has NOT changed - we need to finalize returns with the April 15th deadline in mind!  ## **Go ahead and file *now*. You'll have to do it sooner or later** This extension doesn't change **the obligation to pay federal income taxes.**  You may still be charged a penalty for not filing. Start thinking about gathering those tax documents and sitting down to file or contact an [accountant](https://info.club.capital/schedule-a-demo) to do it for you!  We know... the word "extension" is music to the procrastinators ears but it's probably a good idea to go ahead, spend a couple hours, and get it over with. What else are you going to do with all that down time in quarantine?? - [Tweet](https://twitter.com/share) ## Comments ![Logo signal](https://club.capital/wp-content/uploads/2024/08/logo-footer.png)![Logo signal](https://club.capital/wp-content/uploads/2024/08/logo-footer.png) Resources - [Our Company](https://club.capital/our-company/) - [Testimonials](https://club.capital/testimonials/) - [Webinars](https://club.capital/webinars/) - [Partnerships](https://club.capital/partnerships/) - [Blog](https://blog.club.capital/) - [Referral Program](https://club.capital/referral-program/) Industries - [Insurance](https://club.capital/industries/insurance/) - [Youth Soccer](https://club.capital/industries/youth-soccer/) Solutions - [Monthly Accounting](https://club.capital/solutions/monthly-accounting/) - [Tax Service](https://club.capital/solutions/tax-service/) - [CFO Services](https://club.capital/solutions/cfo-services-for-your-business/) - [Digital Marketing Services](https://club.capital/solutions/digital-marketing-services/) Company - [‘Above the Business’ Podcast](https://club.capital/podcast/) - [Careers](https://club.capital/careers/) [Schedule a Demo](https://club.capital/book-a-consultation/) Club Capital companies are independent corporations and not affiliated with any insurance company. 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