Temporary Office Closure & New Procedures:
On March 19, 2020, PA Governor Wolf ordered all non-life-sustaining businesses to close amid the coronavirus pandemic. Consequently, our office is now closed for purposes of face to face meetings or physically dropping off or picking up information. However, our employees continue to work remotely.
We appreciate your understanding during this time where constraints are placed on all of us. We encourage you to email information and/or questions since e-mail communications are still a very good way of keeping in touch during this difficult time. Please note that we can provide you with a secure link so that you can continue to safely send us sensitive documents electronically.
We now have a new “temporary” out of office phone number that you may use in addition to our standard office number. This new number is (724) 900-2420. You will be prompted to enter the extension of the person that you are trying to reach. In the event you do not know their extension, you can search the directory and then will be connected. If you need assistance, you can press 0 at any time and you will be connected to our office manager. She will help you get connected to the correct staff.
Please note our office phone number (724) 776-1099 is still operational. However, messages you leave there will most likely have a delayed response.
On March 18, 2020, the US Treasury and the IRS announced special payment relief to individuals and businesses in response to the COVID-19 outbreak. Today, March 20, 2020, the IRS announced moving the April 15, 2020 income tax filing deadline to July 15, 2020. Pennsylvania and Local tax returns are also extended to July 15, 2020.
Recap - Federal Tax Payment Relief:
Federal tax payment relief applies to all affected individuals and other entities. Affected C-Corporations have a higher threshold for payment relief.
Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended to July 15, 2020. The payment deferral applies up to $1 million of the 2019 tax due and/or the first quarter estimated tax payment for 2020. The IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates.
C-Corporations will have tax payment relief up to $10 million of their income tax liability due April 15, 2020. The tax payment relief for C-Corporations applies through July 15, 2020 as well.
This tax payment relief only applies to federal income tax, which includes self-employment tax, but does not include other federal taxes. This provision is independent of any state taxes due.
Please continue to check your e-mail and/or our website for updates related to the changes in the tax laws and the status of our temporary office closure.
Here is a link to the IRS website regarding Questions and Answers about the changes in filing due to COVID-19.
The complexity of the accounting industry is ever-increasing. Here at Brunner, Blackstone & Associates, PC we strive to make it as simple and straightforward for our clients as possible. We stay abreast of the most recent regulatory changes so you can think less about accounting and focus more on your business, job or retirement.
We are committed to providing personal attention to our clients and have structured our firm so that the partners are involved in every engagement. There is not a project that goes out the door that has not been carefully analyzed and reviewed, we view every engagement as an opportunity to prove our value and exceed your expectations.