Louisiana Law Blog

IRS Extends Certain Deadlines

IRS Extends Certain Deadlines

The IRS recently issued Notice 2020-23, which extends the deadline for certain time sensitive actions that are required to be taken between April 1 and July 15.  July 15 is the new deadline.  The covered time sensitive actions include those actions relating to tax exempt bonds set forth in Revenue Procedure 2018-58, such as giving notice of defeasance escrows, filing Form 8038 or 8038G and making any rebate or yield reduction payments.  The notice also amplifies and updates previous notices.

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