New Tax Filing Deadline
The Federal and California governments announced today that the 2019 tax filing deadline has moved from April 15 to July 15. This new due date will be for filing 2019 tax returns, 2019 balance due payments and the first and second quarterly estimated tax payments for 2020. As the IRS puts out guidance, we will share it with you.
As a CPA firm, we were waiting and hoping for this announcement. Considering the statewide “Shelter in Place” order and health precautions for you, our staff and all Americans, we are relieved by this filing extension. While we have always prepared as many returns by April 15th as possible, this year will be the exception and for good reason.
This will allow us to reduce the deadline stress of tax season and take better care of our health. And, perhaps after the “Shelter in Place” order passes, we can resume having client meetings in our office and enjoy our visit with you.
We hope you also see this filing extension as a positive thing. It will be good for us all to stop, take a breath and relax a bit.
Other Points to Keep in Mind
- If your tax data is already in our office, we will make every effort to finish and deliver your tax returns to you as soon as possible.
- We will prioritize the preparation of returns where a tax refund is likely to be due, so that those clients can receive their refunds sooner.
- Our office will remain open and our staff working – just with shortened hours.
- Until the Shelter in Place order is lifted, we are asking you to either make quick stops in and out of our office, or make use of all other means of delivering and retrieving documents.
- Keep in mind that you may have a large balance due come July 15, if you have a 2019 balance due and you make quarterly estimated payments.
- If you intend to make an IRA or other retirement contribution for 2019, that still must be done by April 15.
- Note: State tax filing deadlines may vary. Since most of you are in California, we are only addressing Federal and California rules in this letter.
Our highest priority is keeping our employees and clients safe. A better Sonoma County. That’s our business.