Oregon Extends Tax Deadlines
Yesterday, the Oregon Department of Revenue extended tax filing and payment deadlines for personal and corporate income taxes for tax year 2019 due to the COVID-19 emergency. For personal income tax payers, the Oregon return filing due date is automatically extended to July 15, 2020. If you file a 6-month extension request, the extension only extends the filing due date to October 15, 2020. For corporate income tax payers, the Oregon return filing due date is automatically extended from May 15, 2020 to July 15, 2020. However, corporate income tax payments by May 15, 2020 are not extended at this time. For both personal and corporate taxpayers, estimated tax payments for tax year 2020 are not extended. You can read the full text of the announcement here: DOR Announcement 3-25-2020 These extended due dates were much anticipated due to the IRS extending any income tax filing or payments for tax year 2019 due on April 15, 2020 to July 12, 2020, due to COVID-19. IRS Notice 2020-18 Now, for most Oregon taxpayers, April 15th has turned into July 15th. However, taxpayers who believe they will be receiving a refund may want to file sooner than the due dates to receive any refund. If you have further questions on this topic, please do reach out to us so we can advise you on your particular situation.