Federal and state governments have taken a number of actions in
recent weeks in response to COVID-19 pandemic. Although there
is certain to be additional governmental action in the near future,
we thought it would be helpful to summarize the key actions that
relate to our trusts and estates clients.
Automatic Postponement of Certain Federal and Connecticut
Income Tax Returns
To provide relief to taxpayers affected by the COVID-19
pandemic, the IRS announced an automatic extension of the due date
for income tax payments and the filing of income tax returns from
April 15, 2020 to July 15, 2020. The extension of the due
date for the payment of tax and filing of income tax returns
applies not only to individual taxpayers but also to trusts. There
is no need for taxpayers, including trustees, to make any filing
with the IRS for the extension to July 15th to apply, and there is
no limit on the amount of tax that may be extended. Similarly,
April 15th estimated
