Chamber Working with Michigan Department of Treasury on ExtensionsApril 16, 2020
The ongoing COVID-19 crisis has upended daily life, business operations, and many state and federal department deadlines. The Detroit Regional Chamber is in daily contact with state, federal and local elected officials and departments to ensure members and their employees can access the necessary relief, resources, and information during the COVID-19 crisis.
Since the outbreak of COVID-19 in early March, the Chamber’s government relations team has been hard at work with the Michigan Department of Treasury to ensure deadlines are extended in the best interest of members.
- Tax Tribunal and Court of Claims deadlines have been extended pursuant to the period that the “Stay Home, Stay Safe, Save Lives” Executive Order is in effect, which is currently extended to April 30.
- Sales tax payments have been extended to May 20. This is the second extension the Michigan Department of Treasury issued from discussions with the Chamber.
- The Chamber has worked one-on-one with the Michigan Department of Treasury on the need to extend the Q1 and Q2 tax deadline. On April 17, the Treasury confirmed the June 15 deadline has been extended to July 15 for both Q1 and Q2.
Executive Order 2020-26 extended the date to remit the quarterly estimated tax payment due for the first quarter of 2020. To conform with IRS Notice 2020-23, this departmental notice similarly extends the date for second-quarter estimated payments for the state income tax.
Accordingly, for most filers, the first and second quarter estimated payments are due on July 15, 2020. For certain fiscal filers, any estimated payment due after April 15, 2020 and before July 15, 2020 is due on July 15, 2020.
The Department of Treasury is waiving penalty and interest for the late payment of tax or the late filing of any monthly or quarterly return due on April 20, 2020.
- The waiver will be effective for a period of 30 days; therefore, any monthly or quarterly payment or return currently due on April 20, 2020, may be submitted to the Department without penalty or interest through May 20, 2020.
- This waiver applies to the 2020 first-quarter return that is required to be filed with the Department on April 20, 2020.
- Taxpayers required to remit the tax with the 2020 first-quarter return may, therefore, submit the payment and return to the Department without penalty or interest through May 20, 2020.
- This waiver also includes sales, use, and withholding returns or payments due on April 20, 2020, as a result of the previous 30-day waiver of penalty and interest for payments or returns due on March 20, 2020.
- Taxpayers originally required to remit tax and file returns on March 20, 2020, therefore have until May 20, 2020, to remit tax and fire returns without penalty and interest.
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