Coronavirus and 2019 Tax Return Extensions

UPDATE 3/20/20:

In response to the COVID-19 (Coronavirus) pandemic, the Treasury Secretary Mnuchin announced today that the April 15th tax filing date for individuals and corporations has been extended to July 15th.  We are still awaiting official guidance from the IRS and tax software providers regarding the specific mechanics of these changes, but we consider this ‘good authority’ to use in our planning and decision making.

We know that many of you are deeply affected by business closures, school closures, and other economic side effects of the Coronavirus, not to mention those who may be ill.  We will do all we can to support our clients during this difficult time, and our hearts go out to all those in precarious situations.

Although the extension helps our stress levels, we remain committed to completing tax returns as quickly as possible.  Our office remains open and staff will be working during normal business hours (Mon-Fri, 8am to 6pm).

Those of you yet to provide us with documents, there is no need to rush today, but please send us your information as soon as possible.  If you are due a tax refund, we of course want to expedite your filing to get you your money back.  If you owe taxes with your return, we want to provide you with as much advance notice as possible so that you can plan for payments during these uncertain times.  We will do our best to address each of your needs and concerns.

If you have already filed your tax return and have a payment scheduled on or before April 15th, you have the option to maintain the current arrangement or to call the IRS and cancel the payment.  Here is a link to more information on how to cancel a scheduled tax payment.

To reduce outside exposure, using our secure ShareFile client portal is the safest way to get us your information.  Please contact our office (206-420-2246) if you would like to be set up with an account.  If you are feeling sick or exhibiting symptoms, please stay at home, and please do not send us paper documents for the time being.

Below is a list of links we have assembled, which are more specific to residents of the State of Washington and City of Seattle.

Various Links and Resources:

Our Firm’s Coronavirus Memo – 3/20/20

IRS Announces Tax Extension from April 15th to July 15th

How to Cancel a Previously Scheduled IRS Tax Payment

IRS DirectPay – Making a One-Time Tax Payment

Where’s My Refund – Official IRS Tool

Amazon to offer Small Business Grants

State of Washington to provide business tax extensions and other Financial Assistance

City of Seattle — Community Resources and Financial Assistance

King County Public Health

WA Paid Family and Medical Leave

 

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