Updated Tax Deadlines

We at Francis S. Infurchia & Company are working remotely starting today, March 23. While we have closed the physical office to visitors and are eliminating in-person meetings for the time being we remain fully operational and we are available virtually and by phone and email. If you haven’t already, and are able to, please scan and electronically send all tax documents to us- we can provide a secure portal for you to upload this information.

Over the weekend, the IRS extended the tax filing and payment deadlines from April 15 to July 15. This extension of time applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. In addition, it appears that Q1 2020 estimated tax payments (normally due on 4/15) are included in this relief.

Click here for the IRS announcement

The CT Department of Revenue Services is following the IRS tax deadlines and in addition, has included the Q2 2020 estimated tax payment deadline (normally due on 6/15) in the 90 day extension to July 15. Click here for the CT press release 

To check on your individual state’s updated tax filing deadlines you can click here (updated daily).

We hope you stay safe and healthy during these uncertain times. Please let us know if you have any questions.

We’re Open for Business – Remotely

We at Francis S. Infurchia & Company are working remotely starting today, March 23. While we have closed the physical office to visitors and are eliminating in-person meetings for the time being we remain fully operational and we are available virtually and by phone and email. If you haven’t already, and are able to, please scan and electronically send all tax documents to us- we can provide a secure portal for you to upload this information.
Over the weekend, the IRS extended the tax filing and payment deadlines from April 15 to July 15. This extension of time applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. In addition, it appears that Q1 2020 estimated tax payments (normally due on 4/15) are included in this relief. Click here for the IRS announcement

The CT Department of Revenue Services is following the IRS tax deadlines and in addition, has included the Q2 2020 estimated tax payment deadline (normally due on 6/15) in the 90 day extension to July 15. Click here for the CT press release

To check on your individual state’s updated tax filing deadlines you can click here (updated daily).

We hope you stay safe and healthy during these uncertain times. Please let us know if you have any questions.

Tax Deadline Extensions due to Coronavirus

We hope you are staying safe and healthy. Today, we are writing to you regarding the coronavirus as it relates to the upcoming tax deadlines for the IRS and CT. During the last few weeks, we have been contacting our state and federal representatives, senators and lobbyists to request tax filing and payment relief due to the unprecedented disruptions and challenges caused by the spread of this virus. Finally, last night (Sunday 3/15) Connecticut’s Gov. Lamont held a press conference in which he extended CT state tax filing and payment deadlines for the 2019 partnerships and S-corps. Additionally, our governing body, the AICPA, issued a statement saying that they expect the IRS to extend the April 15 personal tax filing deadline by possibly 90 days and waive penalties and interest associated with payments for most taxpayers. CT DRS Press Release

During this time of social distancing, we ask our clients to please make phone or virtual consultation appointments. If you are able to, please send us your tax documents electronically (we can send you a secure upload link) or mail them to us as our office is currently closed to visitors.

We are being faced with a turbulent financial time. The SBA (Small Business Administration) should have liquidity to make loans to Connecticut businesses to pay for expenses incurred as a result of distress caused by the coronavirus. Please read this  for instructions on how to apply for aid.

Below is a chart with the upcoming proposed and extended common filing deadlines. We will update you when we receive more guidance and final filing and payment deadlines from the IRS.