Most emergency stimulus grants and loans will probably be administered through the SBA. You can apply for SBA disaster loans now. However, we have found the servers at the SBA are “down for maintenance”.
After a deluge of comments from the public, we now have conformity (mostly). The IRS announced that both the tax payment due dates AND the filing dates for tax returns have been pushed back to July 15.
While everyone is busy wondering how to store another 1000 rolls of TP in their garage, many are unaware of a sidebar problem – tax filings due April 15 can be affected if you are waiting on data from sources that have shut down or are working with less staff than normal.
Today the Treasury Secretary announced that the normal Tax Filing deadline of April 15 would be extended 90 days to July 15, 2020. Details have not been released yet however based on remarks it appears that:
At O&S, we are keenly aware of the potential impact of the coronavirus COVID-19. We are taking steps to provide for the continuity of our client services and the safety of our employees and clients as we navigate through the uncertainly of the outbreak.
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