Tax Changes Related to Coronavirus

​We’re sending this update to provide information regarding the current state of tax return requirements during these uncertain times. Of course things are changing rapidly in our world, so this info is subject to change.

First off, we hope all of you are safe and that your families aren’t too badly affected by what’s going on with this virus. Truly crazy and scary times.
 
Below you’ll find deadline information for filing and payments, as is currently available.
 
Deadline to File:

• IRS: April 15th (same as always; no change from standard date)
• CA: July 15th (extended by 3 months)
• All other states: feel free to inquire with us
  

 
NOTES:

• State returns generally flow through from IRS returns. Therefore, we still recommend fling IRS & State returns by April 15th to ensure no hiccups occur with your tax return.
• Also, you don’t want to have delays with your refund as things inevitably bottleneck with the changes in the workforce.
• Lastly, there’s no guidance provided on any extension of IRA contributions, Health Savings Account contributions, etc. (as far as making them retroactive to 2019).
  

We highly suggest continuing with filing as normal by April 15th. You can always delay payment amounts owed according to the dates below.
 
Deadline to Pay Taxes Owed (including quarterly estimated payments):

• IRS: July 15th (extended from usual April 15)
• CA: July 15th (extended from usual April 15)
• ​All other states: feel free to inquire with us (likely conforming to above dates)
  

 
We hope this helps clarify the current information we’ve received regarding deadlines for filing and paying your taxes. We’ll be sure to keep you updated as info comes to us.