The AICPA on Thursday, April 8, released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals.
The postponement applies to any individual who files a federal individual income tax return on Forms 1040, 1040-SR, 1040-NR, 1040-PR, 1040-SS, or 1040(SP) or has a federal tax payment reported on one of these forms that would otherwise be due April 15.
Notice 2021-21 did not postpone the April 15 due date for first-quarter 2021 estimated tax payments. It also did not address the appropriate way to extend Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, which is normally extended when along with Form 1040. See the AICPA’s recommendations here.