Munson, Eisenman & Giangrande, LLP

Some good news!!!

IRS reminder: File and pay 2019 business taxes by July 15; 2020 estimated tax also due WASHINGTON The Internal Revenue Service today reminded business taxpayers that their 2019 tax returns and tax payments, as well as their first two 2020 estimated tax payments, are due on Wednesday, July 15. The July 15 due date generally applies to any tax return or tax payment deadline that was postponed due to COVID-19. In April, the IRS said that this postponement applied to all taxpay...ers that had a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. No late-filing penalty, late-payment penalty or interest will be due for payments prior to July 15. Corporations, trusts and estates, as well as individuals and other non-corporate tax filers qualify for the extra time. A complete list of qualifying filing and payment deadlines are available at IRS.gov/Coronavirus. Businesses that need a tax-filing extension beyond the July 15 deadline can get one by filing Form 7004. An extension to file is not an extension to pay. To avoid interest charges and any possible late-payment penalties, be sure to estimate any tax liability and pay it by the July 15 deadline. Individuals who file Form 1040, including sole proprietors, farmers and landlords, can get an extension by filing Form 4868 See more

Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. Please let us know if you have any questions. We are open and still processing all our tax returns.

Governor provides 60-day filing extension to coronavirus victims (03-13-20): In his March 12, 2020, executive order, the Governor extended the deadline for state tax filing by 60 days for individuals and businesses unable to file on time based on compliance with public health requirements related to COVID-19. It appears the Governor's order may be much broader and may provide relief for payments as well as other deadlines (e.g. refund and protest claims). We are following up with the FTB and the CDTFA regarding the scope of the order. We are also anticipating that the IRS will be providing similar relief shortly. We will keep you updated as more information becomes available.