Showing posts from March, 2020

Office Hours, Tax Filing & Extension Updates from Gardner & Billing CPAs

Annoucement from Gardner & Billing CPAs

As of 5pm today our office will be closed to the public. We have authority to continue working but will be complying with social distancing measures by conducting business via phone, mail or electronic means during office hours. If you are unable to utilize these methods to complete your necessary business, please call us to arrange a special appointment. 

We will do our best to serve you and your financial needs during this difficult time and we are working to process tax returns to get you timely refunds despite the tax filing deadline extension. 

Thank you for your understanding, patience and continued patronage.

Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak 

The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The tax payment deadline has been extended to July 15 for many taxpayers, but it's important to note that the filing deadline for tax returns remains April 15, 2020. If you are unable to file a return by April 15th, you must still file an extension of time time file. At this time, no announcement has been made as to whether MT Dept of Revenue will follow suit, so state payments remain due by April 15th. 

This federal payment relief includes:
Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. The IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify…

March 16th Filing Deadline

Monday, March 16th is the tax filing deadline  for pass-through business entities including  1065 Partnership returns and 1120-S Corporations.  It's our last big deadline before Tax Day on April 15th!

Good Luck Hawks!