Taxes and the Coronavirus

Moving the Filing Due Date

March 20, 2020

By Matthew E. Miller, CPA, MBA

Some confusion was created for individual taxpayers when Secretary Mnuchin announced last week that the due date of 2019 tax payments would be extended until July 15, 2020, with some limitations. The confusion was minimized today by the secretary’s announcement extending the filing date and the payment date until July 15, 2020.

The Still Unknowns

While the decision was partially correct, there are many questions that taxpayers and tax professionals have.

  • If my IRA contribution was due April 15, 2020, is it still due the same day?
  • My 1st quarter 2020 estimated tax payment is due April 15, 2020. Has that payment date changed?  How about my 2nd quarter 2020 estimated tax payment, it’s due June 15, 2020.  Has that payment date changed?
  • How about my state return? When is that return due?

Obviously, there are many moving pieces to this tax season. We will keep you informed on all changes as quickly as possible.  Please watch your email or check our website for updated information.

Our Plans

We know all of you are anxious to complete your tax filing as quickly as possible.  Our plan is to keep processing tax returns for as long as we can while balancing the health and safety of our staff and families.  We have eliminated all client meetings but are happy to schedule calls to discuss the results of your 2019 return to offer tax insights and strategies.

Our wishes to you and your family for your health and safety.