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N-2020-55: Relief for Taxpayers Affected by Ongoing Coronavirus Disease Pandemic, Related to Sport Fishing Equipment and Bows and Arrows Excise Tax Filing and Payment Deadlines

August 7, 2020 IRS Newsroom Tax

Notice 2020-55 provides expanded disaster relief, in the form of a postponement until October 31, 2020, of certain Federal excise tax filing and payment deadlines, and associated interest, penalties, and additions to tax, for taxpayers who owe a federal excise tax for sales of sport fishing or archery equipment for the first quarter of 2020.  Notice 2020-48, 2020-29 IRB 72 (July 13, 2020), previously postponed certain Federal tax filing and payment deadlines related to second quarter 2020 sport fishing and archery equipment excise taxes.

Notice 2020-55 will be in IRB 2020-35, dated August 24, 2020.

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