This post was last updated on April 10, 2020 to reflect recent changes in the federal and state filing and payment due dates and will continue to be updated as new developments arise.
During these unprecedented times, we sincerely hope that you and your families are healthy and safe.
While the situation with COVID-19 continues to evolve and you work through your business and personal safety and continuity plans, we want to update you on the steps we are taking to ensure we can continue to meet your needs in a secure and reliable manner.
As many of you know, San Francisco County, along with most other Bay Area counties, has issued a shelter in place order that will last 3 weeks and possibly longer. As such, we have closed our office until further notice and will reopen once we determine it is safe to do so.
Fortunately, we have a very effective and comprehensive business continuity plan. Everyone on our team has been equipped to work remotely for many years and has done so from time to time such that our team functions just as seamlessly remotely as we do in the office. We are continuing to assist all of our clients by providing timely advice and working with them to fulfill their tax and financial reporting needs without interruption.
We are having our mail forwarded to one of our personal addresses and expect that to take effect in the next week or so. However, we encourage you to send us information in electronic form to the extent possible.
The situation of the pending April 15th tax filing deadlines is still evolving, but here is what we currently know about the timing of tax filings and payments:
- Federal (IRS): All income tax returns and payments typically due between April 1st and July 15th (including Q1 and Q2 estimated tax payments) are now due July 15th.
- California (FTB): All income tax returns and payments typically due between March 15th and July 15th (including Q1 and Q2 estimated tax payments) have been extended to July 15th.
- Most states have postponed their income tax filing and/or payment due dates, and some have postponed Q1 estimated tax payments.
We will continue to process your tax returns with the extended July 15th deadline in mind and monitor the various state filing deadlines to confirm if there is still anything to do by April 15th.
Please reach out if you need any assistance from us. We are truly here to help you, our clients, especially during difficult times such as these.
Best regards and take care,
John C. Navolio, CPA