Please see this timely announcement:
On March 17th, 2021, the IRS announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including those who pay self-employment tax. Individual taxpayers do not need to file any forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Taxpayers who need additional time to file beyond the May 17th deadline can request a filing extension until October 15, 2021 by filing Form 4868 through their tax professional, tax software, or using the Free File link on IRS.gov.
This relief does not apply to the 1st quarterly estimated tax payments for tax year 2021, that are still due on April 15, 2021.
State Tax Returns
The May 17, 2021 extension only applies to individual federal income returns due April 15, 2021. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details.
California will also extend the state tax filing and payment deadline for individuals to May 17th, 2021, similar to the federal tax filing and payment deadline extension. The California extension does not apply to estimated tax payments due on April 15, 2021.
Please consult your CPA for further guidance if appropriate.