The Arizona Department of Revenue (ADOR) has extended the deadline for filing and paying state income taxes from April 15 to July 15, 2020
- The announcement by ADOR includes individual, corporate and fiduciary tax returns.
- The new deadline means taxpayers filing state tax returns or submitting payments after the previous April 15 deadline but before July 15 will not be assessed late filing or late payment penalties.
- Taxpayers anticipating they will need more time beyond the new July 15 deadline to file state income taxes should consider filing for an extension by submitting Arizona Form 204 by July 15. Taxpayers do not need to submit Arizona Form 204 if they have already received a federal filing extension from the IRS. Taxpayers do need to submit Arizona Form 204 by July 15 if an extension of time to pay beyond July 15 is needed.
- Arizona tax credits- Many clients take advantage of the ability to reduce their state income tax liability by donating to various charities and schools sanctioned by the Dept of Revenue. The deadline for claiming these credits on your 2019 state tax returns remains April 15, 2020.
We appreciate your understanding and flexibility during these times of uncertainty. We expect that additional developments will occur and will keep you updated.
If you have any questions about how the information in this article may affect you or your business, please reach out to our specialists using the form below.