On March 29, 2021, the IRS issued Notice 2021-21 (and an accompanying news release) to expand on its previously-announced tax filing and payment deadline extension.
The Notice extends the April 15, 2021 deadline to May 17, 2021 for 2020 tax filings (including all schedules and attachments), tax payments, and tax elections that would be made on the following forms: 1040, 1040-SR, 1040-NR, 1040-SS, and 1040(SP). No extension on Form 4868 is required to be filed to take advantage of this extension, and the Notice automatically postpones to May 17, 2021 the time to make 2020 contributions to IRAs, Roth IRAs, health savings accounts (HSAs), Archer MSAs, and Coverdell education savings accounts.
The Notice also postpones to May 17, 2021 the time for reporting and payment of the 10% additional tax on amounts includible in gross income from 2020 distributions from IRAs and workplace-based retirement plans.
Importantly, the extension to May 17, 2021 applies to tax refund claims for prior years that would have been due on or after April 15, 2021, and before May 17, 2021. This postponement is limited to claims for credit or refund that were properly filed on the Form 1040 series or on a Form 1040-X.
In addition, the deadline to file and furnish the following the following forms is extended from June 1, 2021 to June 30, 2021: 5498 (IRA contribution information), 5498-ESA (Coverdell ESA contribution information), and 5498-SA (HSA, Archer MSA, and Medicare Advantage MSA information).
No extension is provided for any other type of tax, including Federal estimated income tax payments, Forms 990 for exempt organizations, or for the filing of any other forms or returns beyond those listed above for the 2020 tax year.
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