Massachusetts Extends the Tax Filing Deadline

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Massachusetts Extends the Tax Filing Deadline for 2019 Income Tax

Massachusetts Tax Filing Deadline Extended,

The announcement Massachussetts income tax filers have all have been waiting for has come through from Govenor Baker’s office. The deadline for tax filing in Massachusetts is July 15, 2020, which coincides with the IRS dead line of July 15, 2020, regardless if you e-file or file a paper return. The 2019 Form 1: Massachusetts Resident Income Tax Return may be electronically filed free this year due to the Coronavirus outbreak. And, you will not have to file any additional extention forms for the July 15, 2020 Massachusetts DOR filing deadline. We think this makes sense considering the IRS has made a similar announcement last week. After all, none of us wants to catch the Corvid-19 virus, right? 

How do I Qualify to E-File My Massachusetts Tax Return?

People may wonder, during this time of social distancing, how they can navigate this crisis and still get their tax return filed? While Massachusetts will still accept Fillable Paper Forms — It makes sense to take advantage of the free option for Massachusetts taxpayers to file a personal income tax return. When you complete your federal tax return, and were a Massachusetts resident for all of 2019 and the forms you file will work with the program. You will qualify for this option.

What is the Massachusetts Provision?

Govenor Baker made the announcement that the “state income tax filing deadline to match the July 15 deadline for filing federal individual income taxes.” 

Also, the legislature will soon file the extension, and other administrative changes necessary through the Department of Revenue. “Specifically, the legislation will authorize the Commonwealth borrowing flexibility to manage deferred revenue this fiscal year and repay it in the next fiscal year, which starts July 1, 2020.”

What Is the Consenquence for Fees and Penalties with the IRS If I file Taxes by July 15, 2020?

There are a few things to remember, regarding the IRS and the Massachusetts tax filing deadline.

According to the IRS, “This filing and payment relief includes:

The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to qualify.

This tax filing relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.

Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.

Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.”

Do You Want To Know More About the New Massachusetts Tax Filing Deadline?

Do you have additional questions concerning the Massachusetts deadline for tax filing or need assistance setting up your secure portal access, feel free to reach out to us via phone 781-849-7200 or email contactus@worthtax.com. We have locations in NorwellDedham and South Weymouth, Massachusetts. We wish you good health during this crisis.

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For more information, call Alex Franch at 781.789.7200. WorthTax has locations in Norwell, Dedham, and Weymouth, Massachussetts.
Alex Franch

Mr. Franch is a Tax Specialist and Partner at Joseph Cahill & Associates / WorthTax. He has a diverse background including a Bachelor of Science from Boston College in Mathematics and extensive military service. Mr. Franch is an Enrolled Agent and has eight years of tax preparation experience. He has been serving individuals, families, and businesses for several years with tax and financial planning strategies and is a junior partner with the firm. Mr. Franch is licensed by the Financial Industry Regulatory Authority (FINRA) with a Series 6, 63, 65, and 7, and by the Commonwealth of Massachusetts Division of Insurance.