- In the past, ministers (who have not elected voluntary withholding) and self-employed workers filed their second quarterly estimated federal tax payment by June 15. A similar rule applied in many states to payments of estimated state taxes. In March of 2020, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. IR-2020-58. A few weeks later, in Notice 2020-23, the IRS expanded this relief to additional returns, tax payments and other actions. As a result, the extension now applies to all taxpayers who have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. This includes quarterly estimated tax payments (Form 1040-ES) that would have been due before July 15, 2020, including the first two estimated tax payments due on April 15 and June 15 of 2020. This means that any individual who has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July 15 to make that payment, without penalty.
For a helpful chart on revised estimated quarterly tax payments and additional changes because of the pandemic, see “What We Know: Tax Payments and Filings for Churches and Individuals.”
- A church must make quarterly estimated tax payments if it expects an unrelated business income tax liability for the year to be $500 or more. Use IRS Form 990-W to figure your estimated taxes. In the past, quarterly estimated tax payments of one-fourth of the total tax liability were due by April 15, June 15, September 15, and December 15, for churches on a calendar-year basis. In Notice 2020-23, the IRS extended the first two quarterly filing deadlines for 2020 until July 15.