PopkinCPA and your taxes
The Federal income tax filing deadline has been moved from April 15 to July 15, 2020. This includes both the 2019 balance due payments and the 2020 first & second estimated tax payments.
This change is automatic. This applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax, even if you filed your return prior to April 15th.
See information at irs.gov/coronavirus.
For the latest developments on your State’s tax requirements visit the Tax Filing Relief Chart for Coronavirus.
The SBA has released a Payroll Protection Program ( PPP) Loan Forgiveness Guide & Forgiveness Application for Small Businesses. See Guide and Forgiveness Application.
Our office staff continues to work remotely. I am in the office most work days. We are available by telephone and email. Documents can be exchanged through our file sharing technology. To send documents securely use this Secure Sharefile Link.
We are working on a first in first out basis to complete tax returns by July 15th. As of May 20th we have completed approximately 60% of the returns we usually complete by April 15th. Dates are subject to change as events continue to unfold.
Stay safe,
Bill
May 20, 2020
ABOUT POPKIN CPA
Popkin CPA is a Lexington, Massachusetts-based firm working with clients around the globe. Since its founding in 1991, the firm’s focus has been on comprehensive tax planning including the monitoring of existing and proposed tax legislation, enabling their clients to take advantage of unique opportunities arising from the ever-changing tax landscape.
In addition, Popkin CPA works with small businesses from start-up through growth & expansion to transition. We can help at every stage, advising on business formation, consulting on operating efficiencies and counseling on optimization of enterprise value.
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