Indiana Formally Extends Tax Filing and Payment Deadlines, Offers Penalty Relief

Yesterday, the Indiana Department of Revenue announced important income tax filing and payment extensions related to upcoming deadlines. The April 15 deadline for returns and estimated payments has been extended to July 15, 2020. In addition, Gov. Holcomb signed a number of executive orders geared towards providing economic relief, including late payment penalty waivers for the spring property tax installment payments.

The tax-related provisions include:

• Individual income tax returns/payments and estimated payments originally due by April 15 are due July 15. Includes IT-40, IT-40PNR, IT-40RNR, IT-40ES, ES-40 and SC-40.
• Entity level income tax returns/payments and estimated payments originally due by April 15 or April 20 are due July 15. Those filings originally due by May 15 are due August 17. Includes IT-20, IT-41, IT-65, IT-20S, FIT-20, URT-1, IT-6, FT-QP and URT-Q.
• All other tax return filings and payment due dates remain unchanged at this time, including sales and use, personal property tax, food and beverage, and innkeepers.
• Penalties will be waived for 60 days for property tax paid after May 11, 2020.

We continue to monitor states’ handling of COVID-19 tax relief efforts and will provide details on additional guidance as it becomes available. This is a fluid situation, and new information is dispatched daily from federal, state, and local authorities, such as Secretary Mnuchin’s announcement this morning regarding the extension of the federal tax filing deadline, which may impact how individual states handle their own filing deadlines.

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