As the 2019 tax filing and payment deadline approaches, the IRS reminds businesses and self-employed individuals that 2019 income tax liabilities as well as postponed April 15 and June 15, 2020 estimated tax payments are due July 15, 2020.

2. Business payment P.O. Boxes in Cincinnati and Hartford closed as of July 1

July 1 marks the closing of several business payment P.O. Boxes (also known as Lockbox addresses), in the Cincinnati and Hartford areas. Payments will be returned to sender and no forwarding service will be offered. Go to Where to File on IRS.gov for current payment addresses.

See Publication 3891, Lockbox Addresses for 2020, for more information.

3. Deferral of employment tax deposits and payments through December 31, 2020

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. These FAQs address specific issues related to the deferral of deposit and payment of these employment taxes. The FAQs will be updated to address additional questions as they arise.

4. IRS provides guidance on employer leave-based donation programs that aid victims of the COVID-19 pandemic

The IRS recently provided guidance for employers whose employees forgo sick, vacation or personal leave because of the COVID-19 pandemic.

Notice 2020-46 (PDF) provides that cash payments employers make to charitable organizations that provide relief to victims of the COVID-19 pandemic in exchange for sick, vacation or personal leave which their employees forgo will not be treated as compensation. Similarly, the employees will not be treated as receiving the value of the leave as income and cannot claim a deduction for the leave that they donated to their employer.

Additional information about tax relief for those affected by the COVID-19 pandemic can be found on IRS.gov.

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