When is form 709 due

To embed, copy and paste the code into your website or blog:. Send Print Report. Eric Mann. Lawrence Richman. Published In: Filing Deadlines. Gift Tax. Income Taxes. It also did not address the appropriate way to extend Form , United States Gift and Generation-Skipping Transfer Tax Return , which is normally extended when a Form extension is granted.

The situation regarding the May 17 bifurcated filing and payment due date with IRS keeping the 1st quarter estimated payment at April 15 is extremely fluid as AICPA releases this statement and suggestions.

Despite our efforts, the IRS continues to maintain that the due date for taxpayers required to make a first quarter estimated tax payment will remain as April We are aware that April 15 is fast approaching, and every day relief is not granted presents enormous challenges for many taxpayers and their CPAs. We remain grateful for the pending Congressional relief and hopeful that those of you continuing to struggle at this late hour will benefit.

We have received thousands of questions from tax practitioners, business organizations, governmental entities, and even some desperate taxpayers with nowhere else to turn about how to handle the payment of the 1st quarter estimate, which as of the time of this statement, is due April Additionally, tax practitioners have sought clarification on the treatment of applying overpayments to the 1st quarter estimate from a Form if a payment is made with the federal extension, Form , that might be filed by May This has long been a standard practice and is helpful when taxpayers and their CPAs do not have sufficient information or time to prepare and file a complete and accurate return and corresponding quarterly payment amount.

The issue in question is whether payments made with the extension on May 17 will be counted as timely when applied back. There is no conclusive guidance available from the IRS on how to handle this issue. While not ideal, our recommended course of action to ensure that the 1st quarter estimate is credited to April 15 is to pay the estimate on a Form ES or make an online payment directed to on or before April Given that we are not certain that a payment with a Form , even if paid by April 15, will be credited by the IRS as paid by April 15, this recommendation is the most conservative approach.

Unfortunately, a clear answer does not exist, and opinions are mixed. March 18, IRS delays deadline for individuals filing and paying income tax to May 17, On March 17, , the Treasury Department and IRS announced the automatic extension until May 17, , for individuals to file Form and pay federal income taxes without penalties or interest for the tax year. The relief applies to individuals, including those who pay self-employment tax.

Individual taxpayers do not need to file any forms or call the IRS to qualify for the extension. The postponement does not apply to estimated tax payments due on April 15, , which are still due on that date.

The postponement also does not apply to state tax payments or deposits or payments of any other type of federal tax.