January 30 2020

Final regulations issued to reflect statutory changes in return due dates and extended due dates

Source: IBFD Tax Research Platform News

The US Treasury Department and the Internal Revenue Service (IRS) have issued final regulations (TD 9892) that update the due dates and available extensions of time to file certain US tax returns and information returns. The final regulations were published in the Federal Register on 30 January 2020.

The final regulations remove the temporary regulations (TD 9821) that were published on 20 July 2017 and were applicable for tax returns and information returns filed after 20 July 2017.

The final regulations also adopt the proposed regulations (REG–128483–15), published on 20 July 2017, with only non-substantive revisions.

The final regulations are effective 30 January 2020. The final regulations generally apply to returns filed on or after 30 January 2020.

The final regulations are designated Treasury Regulation sections 1.1446-3, 1.6012-6, 1.6031(a)-1, 1.6032-1, 1.6033-2, 1.6041-2, 1.6041-6, 1.6072-2, 1.6081-1, 1.6081-2, 1.6081-3, 1.6081-5, 1.6081-6, 1.6081-9, and 31.6071(a)-1.