I hope you and your family are doing well and staying safe. My office is open, and I am looking forward to seeing you and making sure you file your tax returns by the new deadline of July 15, 2020. That is the deadline for personal, partnership, corporate, trust, and even franchise tax returns for the 2019 tax year only. If possible, I would like to begin getting your information together so that we can get it done. If that is not possible, I can extend your return to the final due dates of September 15, 2020 for businesses and October 15, 2020 for individuals.

On another note, the IRS continues to send Economic Impact Payments. IRS.gov will have answers to many of your questions and if you need help, try using the Get My Payment tool on the IRS.gov webpage. Starting later this month, the number of paper checks being delivered to taxpayers will sharply increase. For many taxpayers, the last chance to obtain a direct deposit of their Economic Impact Payment rather than receive a paper check is coming soon. You should visit Get My Payment on IRS.gov by noon on Wednesday, May 13 to check on your payment status and, when available, provide your direct deposit information.

Take care and stay safe,

Robert Stevenson, CPA
May 12, 2020