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UPDATE: Illinois Governor J.B. Pritzker has announced that the State has changed the state tax filing deadline to May 17 from April 15 to match the changed deadline for federal tax filing. Like the change on the federal due date, this only impacts Form 1040. Additionally, this change by Illinois does not apply to estimated 2021 tax payments due on April 15, 2021.

On March 17, the IRS officially announced that the federal income tax filing due date for individuals–Form 1040–will be changed from April 15, 2021, to May 17, 2021. Additional details expected to come from the IRS shortly. This does not change the 2021 Q1 estimates for individuals, which remain due on April 15, 2021. Additionally, the IRS has NOT indicated that U.S. Income Tax Return for Estates and Trusts Form 1041 and U.S. Corporation Income Tax Return Form 1120 due on April 15, 2021, will be changed.

We will continue to provide updates via our website and newsletters as the IRS provides additional guidance on this latest announcement.

Paul Rozek

Paul Rozek provides tax research, consulting and compliance services to closely held businesses, tax-exempt organizations, individuals and fiduciaries. His clients include family offices, private foundations, trade associations, charitable organizations, schools, credit unions and other nonprofit entities.