PopkinCPA and your taxes
The Federal income tax filing deadline has been moved from April 15 to July 15, 2020.
This change is automatic. Taxpayers can defer up to $1 million in federal income tax payments that would otherwise be due on April 15, 2020 to July 15, 2020, without penalties and interest, regardless of the amount owed. This includes both 2019 balance due payments and the first estimated tax payments for 2020. 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.
Our office staff is working remotely and 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
Tax returns are being completed on a first in first out basis with priority given to tax returns where refunds are expected. The target completion date for these returns is April 30th. Balance due returns are scheduled to be completed between May 15th and July 15th. Our dates for completion are subject to change as events continue to unfold.
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.