On March 27, 2020 the IRS released Notice 2020-20 postponing the
April 15, 2020 due date for the filing of a gift tax return and the
payment of gift tax or generation-skipping transfer tax to July 15,
2020. This Notice amplifies Notice 2020-18 which postpones
the deadline for the filing and payment of income tax due April 15,
2020 to July 15, 2020.
The Notice applies to any "person" covered under
Notice 2020-18 affected by the COVID-19 emergency (an
"Affected Taxpayer").
For an Affected Taxpayer, the due date for filing Form 709
(United States Gift (and Generation-Skipping Transfer) Tax Return
and making payment of federal gift tax and generation-skipping
transfer tax due April 15, 2020 is automatically postponed to July
15, 2020. No interest or penalties will be imposed during the
postponement period. The postponement is automatic. No
automatic extension of time to file (Form 8892) is required to be
filed. However, an Affected Taxpayer may choose to file
