On March 18, 2020, the Internal Revenue Service authorized a 90 day extension of time, or until July 15, 2020, for the payment of the first quarter of 2020 estimated taxes, as required, for partnerships and sole proprietorships as a result of COVID-19.  As a result of this deferment, assuming no other changes are implemented by the IRS, all estimated tax payments for the first quarter of 2020 to the federal government are due on July 15, 2020, one month after the deadline for Q2 payments on June 15, 2020. More information can be found here

• The above extension only applies to federal estimated individual taxes. State estimated individual taxes may still be due.  Check with your individual state’s revenue department.
• On March 30, 2020, the Louisiana Department of Revenue issued Revenue Ruling 2020-002, indicating that taxpayers are still required to make estimated individual tax payments due on April 15 and June 15, 2020, but providing that underpayment of estimated tax penalties will be waived if certain conditions are met. 

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COVID-19 Response Resource Team: