After the Pennsylvania Department of Revenue announced that the Personal Income Tax (“PIT”) deadline has been extended to July 15, Governor Tom Wolf followed that by signing Act 10 of 2020 (HB 1232), extending the due date for additional state tax filings and payments.
Specifically, Act 10 provides for the extension of the following tax filing deadlines:
Extends the deadline to July 15, 2020 for declarations of estimated personal income tax.
Extends the deadline to July 15, 2020 for payments of estimated personal income tax.
Extends the deadline to July 15, 2020 for the filing of informational returns related to Pennsylvania S corporations and partnerships (Form PA-20S/PA-65), and estates and trusts (Form PA-41).
Extends the filing date by three months for certain information returns (1099-R, 1099-MISC, and W2-G).
Extension of Filing Deadline Applies to Trusts/Estates, Partnerships and S Corporations, (Pennsylvania Department of Revenue, April 2, 2020.)
The Department also announced that the extension of the federal due date for calendar year corporations to July 15 means that – by definition of state statute – the due date for Pennsylvania corporations is being extended from May 15 to August 14 for both filing and payment. The June 15 estimated payment due date for corporations remains unchanged.
Act 10 also provides an extension of the due date for nonresident withholding and partnership corporate net income tax withholding payments, which are now due July 15.
Other notes regarding Pennsylvania tax administration include:
The Department is waiving penalties for businesses that were required to make Accelerated Sales Tax prepayments by March 20.
For April sales tax payments, the Department is waiving the AST prepayment requirement and asking businesses to simply remit the sales tax they collected in March.
The Department has provided extensions on business tax licenses and certifications including sales, use and hotel occupancy, sales tax exemption certificates (for exempt organizations) and others.
Act 10 allowed the Pennsylvania Department of Community and Economic Development to also work with local taxing jurisdictions in extending the 2019 deadlines for local tax returns and payments to July 15. Many localities have been slow to issue guidance on whether extensions are available for business privilege and mercantile taxes. We will continue to monitor those jurisdictions and provide an update when information becomes available.
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Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.