It is not news that the IRS extended the 2019 tax deadline from April 15, 2020, to July 15, 2020. This extension means that taxpayers can defer federal income tax payments without penalties and interest, regardless of the amount owed. The deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers and includes those who pay self-employment tax. The extension is automatic, so taxpayers do not have to file any additional forms with the IRS to qualify. As it turns out, the extension is a good thing because the agency is currently overwhelmed with processing millions of stimulus payments pursuant to the CARES ACT in this COVID-19 crisis.