CARES Act
Here’s a link to the actual bill signed into law March 27, 2020 (approximately 335 pages long) html pdf
David N. McCullough CPA PC
Financial, Tax, and Family Office Services
COVID-19
Effects of Families First Coronavirus Response Act (effective date 4/2/2020)
US Government-paid benefits: If you have COVID-19, or you’re quarantined, or caring for a COVID-19 person, or if you’re home because your child’s school or daycare center is closed – you’ll be eligible for benefits. Qualification is determined monthly – if you have 14 unpaid days from missing work in a month, you qualify. Days …
Effects of Families First Coronavirus Response Act (effective date 4/2/2020) Read More »
Filing date is now extended to July 15, but please note the following
Treasury Secretary Mnuchin announced this morning (March 20, 2020) that the filing date for 2019 individual tax returns has been moved to July 15, 2020. You will not incur penalty or interest if the return is filed and paid by then. It appears that C corporations for calendar year 2019 are included in this announcement. …
Filing date is now extended to July 15, but please note the following Read More »
Coronavirus update – March 17, 2020
In a press conference on March 17, 2020, Treasury Secretary Steven Mnuchin announced that individuals and corporations can delay their income tax payments for the 2019 filing year for 90 days due to the coronavirus pandemic. During that time, the IRS will not charge interest or penalties. Limitations: Individuals can defer up to $1 million …