To our valued clients and friends,
Things are changing by the day as governments continue grappling with ways to provide relief during the Coronavirus Pandemic. Please see below for updates on various taxing jurisdictions:
State of Oregon
Except as specifically stated in this order, this order does not change any other payment, filing or other deadline prescribed by law.
For Personal Income Tax (PIT), Transit Self‐Employment Tax, and Fiduciary Taxpayers
- The Oregon return filing due date for tax year 2019 is automatically extended from April 15, 2020 to July 15, 2020.
- The Oregon tax payment deadline for payments due with the tax year 2019 tax return is automatically extended to July 15, 2020.
Estimated tax payments for tax year 2020 are not extended.
The tax year 2019 six‐month extension to file, if requested, continues to extend only the filing deadline until October 15, 2020.
For Corporate Excise/Income Taxpayers:
- The Oregon return filing due date for tax year 2019 is automatically extended from May 15, 2020 until July 15, 2020. Fiscal year returns due after May 15, 2020 are not extended at this time.
- The Oregon tax payment deadline for payments due with the 2019 return by May 15, 2020 is automatically extended to July 15, 2020. Payments for fiscal year returns due after May 15, 2020 are not extended at this time.
Estimated tax payments for tax year 2020 are not extended.
Other information
Taxpayers do not need to file any additional forms or call to qualify for this automatic Oregon tax filing and payment extension.
Interest and penalties
As a result of the extension of the due dates for filing Oregon tax returns and making Oregon tax payments to July 15, 2020, interest and penalties with respect to the Oregon tax filings and
payments extended by this Order will begin to accrue on July 16, 2020.
City of Portland & Multnomah County
The City of Portland has followed Oregon’s lead as it relates to a partial movement of due dates:
Portland Arts Education and Access Income Tax (Arts Tax)
- TAX YEAR 2019 FILING AND PAYMENT DEADLINE: The Revenue Division is automatically extending the Portland Arts Tax return filing and payment due on 4/15/2020 until 7/15/2020.
Portland Business License Tax & Multnomah County Business Income Tax
Including Pay Ratio Surtax, Heavy Vehicle Tax, and Residential Rental Program Fees)
- TAX YEAR 2019 FILING DEADLINE: The Revenue Division is automatically extending the Portland and Multnomah County business tax return filing due on 4/15/2020 until 7/15/2020. For C-Corporations that have a 5/15/2020 deadline with the State of Oregon, the deadline for the Portland and Multnomah County business tax return filings due on 5/15/2020 is also extended until 7/15/2020. Tax returns due after 4/15/2020 (or 5/15/2020 for C-Corporations) are not extended at this time.
- TAX YEAR 2019 PAYMENT DEADLINE: The Revenue Division is automatically extending the tax payment deadline for Portland and Multnomah County business tax payments due with the 2019 tax year return due on 4/15/2020 until 7/15/2020. For C-Corporations that have a 5/15/2020 tax payment deadline with the State of Oregon, the deadline for Portland and Multnomah County business tax payments due with the 2019 tax year return due on 5/15/2020 is also extended until 7/15/2020. 2019 tax payments due with returns due after 4/15/2020 (or 5/15/2020 for C Corporations)
are not extended at this time. - TAX YEAR 2020 ESTIMATED BUSINESS TAX PAYMENTS: Estimated Portland and Multnomah County business tax payments for tax year 2020 are not extended. Interest on the underpayment of quarterly estimated payments per PCC 7.02.710 B and the “safe harbor” provisions of PCC 7.02.710 C will still apply.
See their website for further information
CARES ACT – Federal
The President has signed the CARES Act into law. The IRS is being flooded with phone calls from taxpayers asking when their stimulus payment will be received and has asked for people to wait until they’ve had a chance to post some FAQs. The IRS will post additional information about the stimulus payments on their website here:
Next week Isler NW will send out additional information “spotlights” on various aspects of the new CARES Act. As noted above, situations and relief measures are changing by the day and sometimes within the same day. We will continue monitoring these changes and send additional information as it becomes available. We are grateful for our relationship with you and hope you are all staying safe and healthy.
