JAK’s COVID-19 Business Continuity Plan
Amid growing concerns with the spread of COVID-19, we are committed to maintaining high-quality service and timely responses to your needs. Rest assured we have the infrastructure in place to do so. Our physical office will remain open and fully operational, however we will continue to observe the situation and adjust as needed. The health and safety of our employees, clients, and their families is a top priority during this time. For these reasons, we have implemented the following procedures:
We are reviewing the COVID-19 situation daily and are following recommendations from the World Health Organization (WHO), U.S. Centers for Disease Control and Prevention (CDC) and the Minnesota Department of Health (MDH)
Services will remain consistent:
Our business services and internal infrastructure support will continue and is designed to provide you with uninterrupted service. We have put a remote work plan in place for our staff. Most staff are now working remotely and remain available on their direct phone line, which you can find on our team page.
If you have an in-person meeting scheduled in the coming weeks, we will be in contact with you to determine if we should reschedule your meeting as a phone/video conference to minimize personal contact.
The Federal and Minnesota tax deadline has been extended to July 15, 2020. We will need to monitor other states response to the IRS’s announcement to extend. This situation will continue to evolve and we will adjust and update you as we know more. If you have any questions, please reach out to any of us directly. You can also email firstname.lastname@example.org or call our main office number 651-641-1099.
Deadlines for Filing Tax Returns and Payments
2019 Federal individual income tax returns are now due July 15, 2020. This also includes any 2019 payments and 2020 1st quarter estimate payments. 2nd quarter estimate payments remain due June 15, 2020. You may request an extension for filing your 2019 tax return by July 15, 2020. For Minnesota, you may pay your 2019 balance due by July 15, 2020 without interest or penalty. The 2020 first quarter estimate is due April 15, 2020.
Be aware that all states have not made this decision. As always, we’ll do our best to complete as many tax returns as we can by April 15, 2020, but the COVID-19 Pandemic is slowing our normal process. Together we will get through this!
These will be updated as often as possible as information changes
2020 Tax Season FAQ’s
All are subject to change as this is an ever evolving environment.
- No changes, normal due date of 6/15
- But, if you pay the first and second quarter estimates as one combined first quarter payment then you can wait until 7/15 to make payments
- July 15th amounts are due by the time prescribed by law for filing the return not including extensions (IRC 219(f)(3)) so when the time to file is changed the time for funding is changed.
- July 15th without an extension.
- Extended due date with an extension.