Tax season 2019 has been extended until July 15th, 2020, and we are now processing tax returns for the 2019 tax year, as well as amendments for 2016-2018. Due to public health concerns, we are no longer taking in-person appointments. We offer tax preparation via three methods:
- US Mail to our office address
- Drop off in our mail slot
- Send your documents via email or through our secure online portal (contact us for a link)
Illinois has extended its tax filing season as well, and all Illinois returns are due on July 15th. It will be very hard to get in touch with either the IRS or state of Illinois during this period as they have drastically curtailed phone and in-person help. We are here to help and recommend going to IRS.gov and revenue.Illinois.gov to access their online information.
TAX LAW UPDATE
In response to the current pandemic, congress has passed two landmark laws, the CARES act and the Families First Coronavirus Response Act. These two bills include some of the most sweeping financial help ever to both individuals and businesses. They include help to employers for paid medical leave, small business loans, and payroll tax credits. For individuals, there is a stimulus payment due in April of up to $1200 per adult and $500 per child under 17. And for everybody there is an extension of payments of taxes, student loans, estimated taxes and installment plans.
For more details on the stimulus payments click HERE.
For more details on individual tax provisions, click HERE.
For more details on employer help, click HERE.
For more information in general, we recommend these sites:
www.cdc.gov Centers for Disease Control
https://www.irs.gov/coronavirus Internal Revenue Service dedicated page for virus disaster relief
https://www2.illinois.gov/ides/ Illinois Employment Security office- (Note under the new law independent contractors and self-employed can file for unemployment)
www.sba.gov Small Business Administration site for business loans, forgivable to the extent they retain employees.
Buenger Accounting has been serving the Granite City and Southwest Illinois area for over 50 years and we take pride in our excellent service, reasonable prices, and extensive tax knowledge and experience.
Our office will be open most days, depending on CDC guidelines, and we will be glad to talk to you over the phone or via email about your tax questions. Take good care of your physical and mental health through this trying time, and we will be here for you as this develops.
Buenger Accounting has been serving the Granite City and Southwest Illinois area for over 50 years and we take pride in our excellent service, reasonable prices, and extensive tax knowledge and experience. We offer professional tax filing of personal, corporate, partnership, fiduciary, and non-profit federal and state returns. This includes follow-up advice later in the year and planning for 2020. Pricing depends on the complexity of the return.
For employers, we offer 1099 and w-2 filing, as well as payroll tax filings and bookkeeping help all year long. For employees and retirees, we offer help with the confusing new w-4 withholding forms so you don’t end up short at tax time.