03/19/2020
Dear Valued Clients,
With the news surrounding the Coronavirus (COVID-19) changing so rapidly, we want to share steps Weisz & Weisz CPA’s is taking and the latest COVID-19 emergency news as it pertains to this tax season. With this ever-changing pandemic, we’ll do our best to keep you informed of the latest development.
Federal: Congress is working through several fiscal policy proposals. It is very likely that whatever relief is passed will include tax incentives that will need to be carefully planned for.
The Treasury and IRS announced on March 17 that the tax payment deadline will be extended 90 days, to July 15, and the IRS will waive interest and penalties for certain taxpayers. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less.
California: The state has granted extensions to individual filers, partnerships and LLCs and quarterly estimated tax payments: Filing and payment is due June 15. The Employment Development Department and California Department of Tax and Fee Administration have also released guidelines.
We take our role as your trusted business adviser seriously. We are here to help you during these uncharted times.
We are prepared to serve you virtually through taking meetings via phone call, conference calls, Skype and FaceTime. We will be sending you your returns thru DocuSign and requesting payment with our APX secure payment portal.
If you do visit our office, we are following CDC guidelines on protecting our staff and clients. We recommend calling to make an appointment to drop off. We strongly discourage any clients coming into our office until the Orange County social distancing mandate is lifted.
Weisz & Weisz takes COVID-19 extremely seriously. Our top priority is the health of our staff, clients, families and community.
If you have concerns or questions, feel free to reach out to us at 949-455-2777.