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IRS Extends more Tax Deadlines due to Coronavirus
Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due. Today’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now…
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We’re Here if You Need Us – Use Email
During the month of April, although the office is closed to the public, we are busy filing tax returns! During the month of April we have a very limited schedule where we are staggering employee in-office work hours. If you have not yet filed the 2019 taxes you may schedule an appointment between May 4…
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Be Smart. Be Safe. This will Pass.
The best way to prevent infection is to avoid being exposed. COVID-19 spreads from person to person, and can be spread by those who are infected but don’t display symptoms. The CDC advises washing hands, avoiding close contact with others, and cleaning and disinfecting surfaces. Older adults and those with underlying chronic medical conditions should…
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Attention Business Clients
In the last 72 hours, I have been working around the clock to prepare dozens of SBA PPP Loan Applications (SBA Form 2483) and gathering the necessary documents required for these loans. Loan Information The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on…
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I’m Reminded of the Spanish Flu Pandemic of 1918
Those of you that have been in my office have seen the old pictures of my Great Grandparents and Great, Great Grandparents out in the lobby. In the U.S. about 28% of the population of 105 million became infected with 500,000 to 675,000 deaths or 0.48 to 0.64 percent of the population. The Spanish flu…
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Information Resources
The vast majority of questions we are getting right now pertain to SBA assistance. Coronavirus (COVID-19): Small Business Guidance & Loan Resources We’re here to help you overcome the challenges created by this health crisis. These links have useful info. Coronavirus Tax Relief Economic Impact Payments: What you need to know We are a bit…
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Everything Due April 15 moved to July 15
Our office is closed to the public until Monday May 4th. During the month of April we have a very limited schedule where we are staggering employee in-office work hours. If you have not yet filed the 2019 taxes you may schedule an appointment between May 4 and July 14. Alternatively, if you upload your…
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IRS Grants Extension of Time to File FATCA Information Returns
In response to the COVID-19 virus, the Internal Revenue Service will provide an extension of time for a Reporting Model 2 FFI or a Participating FFI to file the FATCA Report (Form 8966) to the IRS. The filing deadline for the FATCA Report (Form 8966) will be extended from March 31, 2020 to July 15,…
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In-Office Visits Suspended
Effective Monday April 6 through April 30 Your safety and that of my employees is my number one concern always. During this time, you can still reach us through voice mail and email. We will reopen Monday May 4th. If you have an appointment during this time-frame and have not yet been contacted by the…
