First, we wish you, your families and your businesses safe and healthy passage through this ever changing Covid-19 landscape that continues to impact our lives in so many ways.
As you may already have heard on the news, Treasury Secretary Mnuchin, by direction of Pres. Trump has extended the tax filing deadline of April 15 to July 15, now in harmony with the payment deadline previously announced. This will give all of us a chance to breathe and reduce some stress in our lives during this unique health crisis.
We encourage you to submit your tax documents to us as soon as possible so your “refund” or “balance due” status for tax year 2019 may be determined so that you can plan appropriately.
There is also a new announcement regarding small business owners.
We know that many small business owners are worried about your businesses at this time. We have provided a link here that provides disaster loan assistance to businesses, private nonprofits, homeowners, and renters.
We are here to serve you and grateful to be your tax preparation firm of choice. If you have questions or concerns please don’t hesitate to reach out to us.
-The Private Tax Solutions Team