Estimated Taxes 2020
We recently posted about how first quarter estimated tax payments are not due until July 15, 2020, due to the current coronavirus pandemic (this is also when 2019 income taxes are due for those who file their returns on or by April 15th).
However, we want to shed light on the fact that this does not apply to the second quarter estimated tax payments for 2020. This means that second quarter payments are due before first quarter payments!! Second quarter estimated tax payments are still due on June 15, 2020, according to these IRS FAQs.
California, however, has extended both first quarter and second quarter payments until July 15, 2020, according to this, which makes much more sense especially in light of the ongoing pandemic.
If you have questions about this, or other tax questions, please feel free to reach out to Mendes Weed, LLP, at (925) 390-3222. We are here to help during this time with tax law, estate planning, probate, divorce, child custody, restraining orders, and litigation. We have attorneys working remotely to meet client needs, and we do not want you to face this difficult time alone.