We would first like to extend our heartfelt wishes that you and your families are as well as can be expected in these times.
To our clients and friends —
Our hearts especially go out to anyone directly impacted by the virus and all healthcare professionals who are battling on the front lines.
At Werner & Co CPAs we are doing our part to help “flatten the curve” and are looking out for our employees and the general well-being of our nation. We are assessing the situation daily, remaining vigilant, and following all recommendations from the World Health Organization (WHO), U.S. Centers for Disease Control and Prevention (CDC), and local authorities.
On Tuesday March 17, 2020, Treasury Secretary Steven Mnuchin announced taxpayers and businesses will have until July 15, 2020 to pay any unpaid 2019 taxes. All estimated taxes for first quarter 2020 are also delayed until July 15, 2020. All individual U.S taxpayers and businesses qualify for this extension to pay.
What does this mean for you and your tax return – Tax Day remains at April 15th, 2020. To serve you and make sure we continue to deliver the quality, excellence and timeliness you expect from us. If you have a balance due, we will file for an extension by April 15, 2020. You will then have until 7/15/2020 to make your tax payment. If you are due a refund, we are working vigorously on completing your tax return by the 4/15 deadline. This extension to pay does not impact refunds, refunds are still being paid.
If you are receiving this message and your return has been completed with a balance due, you need not send the payment until 7/15/2020. Nothing needs to be changed on the return or the voucher you have in hand. Simply write the check and mail it by July 15.
If you have specific questions, please feel free to call or email our office. This environment is changing quickly. Next up will be the stimulus package being discussed in the Senate. That will look to provide employers and taxpayers with aid in the form of SBA financing, payroll tax reductions, and direct stimulus payments among other things.
We thank you for your patience and continued trust while we adapt to this everchanging landscape. This pandemic will challenge us all but working together I know we will be successful in navigating this crisis.
We will keep you apprised as things change, in the interim please stay safe.
— Kris DePaolo, CEO
