Federal tax update - March 18, 2020

Hi again, to keep you updated on further tax guidance for relief provided in the tax arena, note that the IRS has clarified that not only can you defer until July 15, your 2019 tax payments, you can also defer any 1st quarter 2020 estimated tax payments that would normally be due on April 15.

So in summary, so far, any 2019 federal tax payment and any 1st quarter federal estimated tax payments, can be be deferred from April 15, up to July 15. Please note that your 2019 tax return or extension must still be filed by April 15.

Please let me know if you have any questions.

Thanks, Kathryn Bruns CPA