IRS

The IRS has officially pushed back the tax filing deadline to July 15, 2020 for all the 2019 tax liability as well as 2020 estimated tax payments. AGAIN, the entire tax season has been postponed to a due date of July 15th..

California:

The Franchise Tax Board (FTB) announced updated special tax relief for all California taxpayers due to the COVID-19 pandemic.

FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for:

    • 2019 tax returns
    • 2019 tax return payments
    • 2020 1st and 2nd quarter estimate payments –  Corp ($800) & Personal ($)
    • 2020 LLC taxes and fees ($800)
  • 2020 Non-wage withholding payments

For more details regarding FTB COVID-19 tax relief, please see website at ftb.ca.gov and search COVID-19.

 

EDD & Payroll taxes:

This is the latest from EDD regarding payroll changes effecting workers/employees and employers.

https://www.edd.ca.gov/about_edd/coronavirus-2019.htm

Our firm is dedicated to help you through this hard times. Please do not hesitate to call/email our office for additional clarification.

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