The IRS has issued its Notice 2020-20 amplifying prior Notice 2020-18 to provide that the April 15, 2020 due date for filing Forms 709 and making payments of Federal gift and generation skipping transfer tax is extended to July 15, 2020. The filing of the tax forms may be further extended by filing an extension request by such date later date, but the tax, if any, must be paid by July 15, 2020, in any event. IRS Notice 2020-20.
IRS Establishes April 1, 2020, as Start Date for Refundable Credits.
The Families First Coronavirus Response Act authorizes the Secretary of the Treasury to establish the date on which the provisions of the Act will first apply to qualified sick leave and family leave wages that may be taken into account for purposes of the credit provisions. In IRS Notice 2020-21, the IRS advises that the date selected by the Secretary is April 1, 2020, so the refundable tax credits for employers will apply to qualified sick leave and family leave wages paid for the period from April 1, 2020 to December 31, 2020. IRS Notice 2020-21.