Search
  • 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

Contact Us

OFFICE

501 Madison Avenue

Suite 801

New York, NY  10022

Phone: 646-688-3140

LinkedIn: 

      William Bricker PLLC

EMAIL

William L. Bricker

wbricker@wlbpllc.com

646-688-3140

 

Linda Galler

lgaller@wlbpllc.com

646-290-7018

Juliya L. Ismailov

jismailov@wlbpllc.com

646-787-0656

Rachel D. Trickett

rtrickett@wlbpllc.com

646-775-6165

Minela Markovic

mmarkovic@wlbpllc.com

646-647-3523

Daniel King

dking@wlbpllc.com

646-403-9861