Call Us : 312.642.0006

Tax, Audit, Firm and Regulatory News

COVID-19 Update #5: IRS Releases Additional Guidance on Extensions and Tax Payments

April 10, 2020

Yesterday, the Internal Revenue Service issued Notice 2020-23, providing additional guidance on tax relief measures for the 2019 and 2020 tax filing and payment deadlines. Specifically, Notice 2020-23 provides:

  • Any tax return filing or payment obligation due between April 1st, 2020, and July 15th, 2020, is automatically extended to July 15th, 2020. 
  • This applies to tax filings and payments for Form 1040, 1040-NR, 1120, 1120-S, 1065, 1041, 706, 709, 990-T, 990-PF
  • Second quarter estimated tax payments that were originally due June 15th are now due July 15th. 
  • Penalties and interest on 2019 or 2020 tax payments deferred until July 15th will begin to accrue on July 16th. 

While the Federal payment and filing deadlines have been delayed until July 15th, we are still encouraging our clients to send us their tax documents as soon as possible, even if not complete, so that we can continue to process your tax returns in a timely manner. Your documents can be uploaded to the client portal at https://topelforman.com/client-portal/. If you are having trouble accessing your portal, please contact portalsupport@topelfor.wwwmi3-ts102.a2hosted.com for additional assistance.

Please do not hesitate to reach out with any questions or concerns. Be safe and continued wishes for good health.

Topel Forman LLC

Related News Posts

Newly married this year? The tax changes couples miss

Newly married this year? The tax changes couples miss

Jun 30, 2026

Getting married triggers significant tax changes that catch many couples off guard, from a new filing status that takes effect the moment you say “I do,” to withholding gaps that can result in an unexpected tax bill in April. Beyond filing and withholding, newlyweds also need to address name and address updates, healthcare coverage decisions, HSA eligibility changes, and dependent-related credits before year-end. Tackling these adjustments proactively, rather than waiting until tax season, helps couples avoid penalties, protect their refunds, and start their financial life together on solid footing.

read more
The Kwong Decision and Refund Opportunities

The Kwong Decision and Refund Opportunities

Jun 23, 2026

The Kwong decision may have opened a window — but it’s closing fast. In this conversation, William Hendrick breaks down what the case means for taxpayers who paid penalties and interest during the COVID federal disaster period, who should be looking at their records right now, and what practitioners need to know before the July 10, 2026 deadline.

read more