Coronavirus Communications for Our Clients and Friends

Protecting you and our staff

We understand that everyone is concerned about Coronavirus. And we are as well, which is why we are taking precautions to keep our clients and our staff safe. We have implemented the following procedures to help prevent the spread of any infection to our office or from our office to our clients:

• Our business is built on the cloud and our staff is being encouraged to utilize that technology to work remotely.
• We have canceled all in-person appointments and are instead offering:
• Meetings via telephone; or
• Meetings via Zoom video conferencing. We prefer Zoom as we can share our screen with you and can review documents just as if we were together in person. All that is required is a computer with a microphone and speakers. Most laptops will work just fine for this purpose.
• In terms of receiving information/documents from our clients, we are requesting that it either be uploaded through our portal system, mailed or faxed. If you need assistance navigating the portal system, please feel free to give us a call and we can walk you through it. Alternatively, there is a mail slot in the front door, and you can slide your physical documents through there. We will be letting newly received physical documents sit for at least four days before processing.
• In terms of providing information/documents/tax returns to our clients, we are going to be utilizing electronic delivery through our portal system or will be mailing items via the mail or similar delivery services. Upon receipt of documents from our office, we suggest letting them sit for at least four days prior to reviewing.

While the implementation of these procedural changes is designed with safety in mind, they are not without cost. Specifically, a loss in production. We simply will not be able to process as many tax returns before 4/15 as we have in past years. Fortunately, the federal government and the state of Indiana have extended the time to pay balances due on 2019 returns from 04/15 until 07/15. They have also extended the time to pay the 1st Quarter Estimated 2020 payment from 04/15 until 07/15.In addition, we highly recommend that you visit the Indiana Health Department website for current guidelines on good hygiene practices to prevent the spread of COVID-19 and other respiratory diseases http://www.state.in.us/isdh/. Our main focus is the continued good health of everyone!

Tax update: Treasury Department and IRS defer tax payment deadline 90 days

The Treasury Department and the IRS have announced special payment relief in response to the COVID-19 pandemic. This information is contained in Notice 2020-17. Key details are as follows:

• (Updated 4/09/20) The income tax filing AND payment deadline for individual, trust, estate, corporation and non-corporate returns is automatically extended until July 15, 2020.
• Payment relief applies to all individual returns—including self-employed individuals and Americans living abroad.
• For C Corporations, the income tax payment deadline is also automatically extended until July 15, 2020 for up to $10 million of 2019 tax due.
• Tax payment relief also includes estimated tax payments for 2020 that are normally due April 15 and the payment due June 15.
• Postponement of tax payments applies to federal returns only, though many states are beginning to follow suit.
• The IRS encourages Americans who can file their taxes now to do so in order to take advantage of any refund due to them.
• For our Indiana residents, the Indiana Department of Revenue has extended the due date of both the filing of your state tax returns as well as the payment of your taxes to July 15th.

Our firm continues to monitor announcements from the IRS regarding additional changes to filing and payment due dates and will keep you informed.Thank you for your patience and understanding.