By: Janira Beltrán-Sellés, Esq. & Yaritza Portalatín-Méndez, Esq.
We trust that the COVID-19 pandemic is eradicated sooner than everyone expects. During the Government Shutdown and Curfew mandated by Executive Order 2020-023, our office continues to work remotely to make sure our clients’ tax and legal needs are met. The shutdown was implemented at the very peak of tax season and other legal matters have also been disrupted.
Our Supreme Court issued a Resolution on March 16, 2020 to extend, until April 15, 2020, all legal deadlines on judicial proceedings that may become due within March 16 and April 14, 2020.
The Department of Treasury has issued several pronouncements extending filing dates, payment dates and other tax legal terms. We hereby summarize the most important extensions:
|
Tax Event, Form or Payment Due |
Original Due Date |
Extended Due Date |
| Passthrough Entities Tax Returns and certain Tax Returns with due date or extended due date of March 16, 2020, including any payment that must be included with these returns or estimated tax payment. | March 16, 2020 | April 15, 2020 |
| Income Tax Returns, corresponding payments and estimated tax payment. | April 15, 2020 | May 15, 2020 |
| February 2020 Sales and Use Tax (SUT) Monthly Tax Return (Form SC2915), including the corresponding payment. | March 20, 2020 | April 20, 2020 |
| Quarterly SUT payments | March 15 & 31, 2020 | April 20, 2020 |
| Other Returns & related payments | March 15 through April 30, 2020 | Extended for one month after their original due date. |
| Tax Bonds | March 15 through March 31, 2020 | April 30, 2020 |
| Internal Revenue Licenses | March 15 through March 31, 2020 | April 30, 2020 |
| Informative Declarations (Forms 480.5, 480.6A, 480.6B, 480.6B.1, 480.6D, 480.6G, 480.6SP, 480.6SP.2, 480.7, 480.7B, 480.7B.1, 480.7C, 480.7C.1, 480.7E) | February 28, 2020 |
April 15, 2020 |
On March 13, 2020, the Department of Treasury granted a 120-day extension to the period established in any mathematical error or tax return adjustment notice issued by the Department of Treasury.
Claims and all administrative terms for the submittal of information or documents required by the Administrative Appeals Office of the Department of Treasury are extended for 90 days from their due date. Administrative hearings to be held from March 16, 2020 through June 15, 2020 are automatically suspended and will be rescheduled.
The validity period of any administrative review letter provided to a taxpayer to certify that a debt is being reviewed by the Department of Treasury, issued on or before March 12, 2020, is extended for 120 days.
Also, payment plans for which payments must be made within March 16 through April 30, 2020 are extended and the Department of Treasury has determined not to impose penalties, interests or fines for lack of payment of these. Taxpayers with payment plans under direct debit for which the Department of Treasury inadvertently made the withdrawal may request via SURI (Unified Internal Revenue System) the postponement of their payments.
This publication is a summary of recent pronouncements referred to herein and is not intended to substitute legal advice. We encourage you to contact us or your tax advisor if you have any questions or need assistance regarding any of the matters presented herein. An attorney-client relationship with Pellot-González, P.S.C. cannot be formed by reading or responding to this memorandum. Such a relationship may be formed only by express agreement with Pellot-González, P.S.C.
