{"id":7632,"date":"2020-03-27T17:28:53","date_gmt":"2020-03-27T21:28:53","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=7632"},"modified":"2020-07-05T17:00:32","modified_gmt":"2020-07-05T21:00:32","slug":"gift-tax-return-and-payment-deferral","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=7632","title":{"rendered":"Gift Tax Return and Payment Deferral"},"content":{"rendered":"\n<p>In Notice <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/n-20-20.pdf\">2020-20<\/a>,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.irs.gov\/pub\/irs-irbs\/irb20-16.pdf\" target=\"_blank\">2020-16 I.R.B.<\/a>\u00a0660 (4\/13\/2020),\u00a0the Internal Revenue Service has \u201camplified\u201d <a href=\"http:\/\/resources.evans-legal.com\/?p=7588\">Notice 2020-18<\/a>,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.irs.gov\/pub\/irs-irbs\/irb20-15.pdf\" target=\"_blank\">2020-15 I.R.B.<\/a>\u00a0590 (4\/6\/2020),\u00a0to provide the same three month deferral for gift tax (and generation-skipping tax) returns and payments as was previously allowed for income tax returns and payments.<\/p>\n\n\n\n<p>The new notice states that, if a taxpayer should want an additional three month extension, to October 15, 2020, in which to file the gift tax return, the taxpayer can file Form 8892 by July 15, but any Federal gift and generation-skipping transfer tax payments postponed by the notice will still be due on July 15.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Notice 2020-20,\u00a02020-16 I.R.B.\u00a0660 (4\/13\/2020),\u00a0the Internal Revenue Service has \u201camplified\u201d Notice 2020-18,\u00a02020-15 I.R.B.\u00a0590 (4\/6\/2020),\u00a0to provide the same three month deferral for gift tax (and generation-skipping tax) returns and payments as was previously allowed for income tax returns and payments. The &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=7632\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[29],"tags":[333],"class_list":["post-7632","post","type-post","status-publish","format-standard","hentry","category-news-items","tag-federal-gift-tax","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/7632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7632"}],"version-history":[{"count":2,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/7632\/revisions"}],"predecessor-version":[{"id":8027,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/7632\/revisions\/8027"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}