• wbricker

Coronavirus Relief Expanded to Federal Gift Taxes

By: Samantha Levokove

The IRS has issued Notice 2020-20, amplifying the relief previously provided in Notice 2020-18. Notice 2020-20 extends the due dates for filing Form 709 and making federal gift tax or generation-skipping transfer tax payments otherwise due on April 15, 2020. Automatic extensions are granted through July 15, 2020. Those needing additional time to file beyond the July 15, 2020 deadline can request an extension by filing Form 8892 by July 15, 2020. The period between April 15, 2020 and July 15, 2020 will be disregarded in calculating interest and penalties for late filing of Form 709 and late payment of federal gift or generation-skipping transfer tax. The relief in Notice 2020-20 does not apply to estate taxes.

Recent Posts

See All

The New COVID-19 Relief Package

By: William Bricker, Jr., Linda Galler and Juliya Ismailov On Monday, December 21, 2020, Congress approved a $900 billion COVID-19 relief package. The legislation also includes $1.4 trillion of fundin

Final Regulations Issued on Like-Kind Exchanges

By: Juliya L. Ismailov At the end of 2017, the Tax Cuts and Jobs Act ("TCJA") restricted like-kind exchanges under Sec. 1031 of the Tax Code to exchanges of real property. Prior to this change in the

Contact Us


501 Madison Avenue

Suite 801

New York, NY  10022

Phone: 646-688-3140


      William Bricker PLLC


William L. Bricker



Linda Galler


Juliya L. Ismailov


Rachel D. Trickett


Maria Pigna


Minela Markovic


Daniel King