Tag: Tax Filing

We hope you are all safe and well during these unprecedented times. There has been an overwhelming request for tax return documents from many of our clients who have been applying for loans, lines of credit, or mortgages, or who are refinancing existing mortgages. To enable us to better assist you and fulfill your request, […]

March 26, 2020 New Jersey A bill that has been passed by the New Jersey Legislature would extend the state’s tax filing deadline to June 30. The bill awaits Governor Murphy’s signature. The NJCPA is advocating for him to conditionally veto the bill to change that deadline to July 15. Either way, we’ve been assured […]

March 25, 2020 Recently, the IRS announced in Notice 2020-18 federal income tax return filing and payment relief in response to the coronavirus (COVID-19) emergency. Its release raised as many questions as it answered. On March 24, the IRS began the process of addressing those questions, through a series of Frequency Asked Questions, which it […]

In a tweet, Secretary of the Treasury Steven Mnuchin said, “At direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.” In a follow-up tweet, Mnuchin wrote, “I encourage all taxpayers who may have tax […]

Following President Trump’s declaration of a national emergency, Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020, that individuals can defer tax payments up to $1 million for 90 days. Corporations can defer up to $10 million of tax payments for 90 days. The $1 million limit for individuals was established […]

We hope that you and your family are healthy and safe during this tumultuous time. The health and well-being of our loved ones and friends is our number one priority. Unfortunately, as of today, there has been no guidance from the Treasury Department or local jurisdictions regarding April 15th tax filings. We remind you that […]