Here is a quick briefing on how our office is handling the current situation, and what we know about filing and payment deadlines.


During this closure, we will be answering phone calls and emails, and continuing to get work done, we just will not be taking appointments or allowing pickups of returns. You are still welcome to drop information through the slot in our front door at any time. Of course, you can also send information in by mail or electronically (upload to your account on our portal, or use the File Uploads link, above).

Our turnaround time is currently about three weeks. If you have sent your information in within the past three weeks, please know that we are getting to it as fast as possible. We spend more than an hour each day answering calls about when returns will completed, which slows the process for everyone. If it has been more than three weeks, you are welcome to contact us to make sure everything is progressing. Our apologies, but we are not currently working at full capacity, so our turnaround times are longer than normal.

Information for filing deadlines
The IRS deadline for filing and payments has been extended to July 15th. First quarter estimated tax payments are due July 15th, but second quarter estimates are not being delayed. The April 15th deadline is now completely extended to July 15th without any exceptions, but second quarter estimated tax payments are still due June 15th. This extension does not affect payroll taxes.

The Oregon deadline for filing and payments has been extended to July 15th. However, all estimated tax payments for 2020 are due, as normal, which includes the first payment on April 15th.

The TriMet deadline for filing and payments has been extended to July 15th.

Portland/Multnomah County/Arts Tax
The Arts Tax filing and payment deadline has been extended to July 15th.
The City of Portland Business License and Multnomah County Income Tax returns and payments due April 15th are extended to July 15th. The due dates for estimated tax payments for 2020 have not changed.

Retirement Contributions
IRA (traditional and Roth) are now due July 15th for 2019. Other retirement account contributions are also due July 15th, and can be extended to October 15th.

If you would like to extend your tax returns past the new July 15th deadline, those extensions will be due July 15th, and will extend the due date for filing your tax return (but not payments) to October 15th.

Other States
We have information on other state deadlines, but there is too much to put here. If you are a client with another state filing requirement, please contact us.

Stimulus Package Information
There have been two major bills passed to provide relief to the US economy, one on March 18th, and one on March 27th. Here are the highlights, as they apply to taxes. Information here is generic, and you should not act on anything without consulting us first.

Note that use of one of these programs may disqualify you from using another.

Sick Pay: Employers with fewer than 500 employees will be reimbursed for the cost of paid sick leave of up to 80 hours for certain employees affected by coronavirus or related closures. A similar tax credit for self-employed individuals will be available on the 2020 tax return.
Information From IRS

Payroll Tax Deferral: Any of the employer’s share of Social Security tax owed for 2020 can be delayed, with half being due by 12/31/2021, and the other half due 12/31/2022. We do not recommend this for most employers, as it is the least beneficial of the options, and there is no decrease in liability. If you do not qualify for any of the other programs, and you won’t be negatively affected by increasing your tax liability in 2021 & 2022, this may be a program you will want to use. A similar deferral will be available to self-employed individuals on the 2020 tax return.
We have no guidance from the IRS on this yet.

Payroll Retention Credit: Employers will be paid up to 50% of wages for each employee, capped at $10,000 in wages, for payments made during full or partial suspension of operations at the direction of state or local governments due to COVID-19, or that have gross receipts of 50% less than the same quarter in the previous year until reaching 80% of gross receipts.
Information From IRS

SBA Loans/Paycheck Protection Program: With all the tax changes happening right now, we won’t be able to get much information about this program. It appears to be the best option for small businesses severely affected by coronavirus slowdowns with three or fewer employees (depending on payroll amounts), or businesses without payroll. If you have a lot of payroll, it may be more beneficial to you to use the Payroll Retention Credit.
Information From SBA

Economic Impact Payments (Stimulus Checks): Payments of up to $1,200 for each adult person making less than $75,000 ($150,000 if filing joint), $500 for each child, amounts reduced to zero if you make more than $99,000 ($198,000 if filing joint), paid “as rapidly as possible.” This payment is based on your 2019 tax return filing; if you have not yet filed 2019, it is based on your 2018 filing (if you were under the limit for 2018, over for 2019, and have not yet filed 2019, you may want to wait until receiving your payment to file). If you did not file a return for either year, you can file a simple return now to receive the payment. If you do not receive payment during 2020, we expect that you will receive a credit on your 2020 tax return for any amount that should have been paid to you. The first wave of payments will be made via direct deposit. If you need to update your direct deposit information, there will be a chance to do so on the IRS website.
Information From IRS

Unemployment insurance is to be bolstered with a $600 per week extra payment to those claiming unemployment. Some self-employed individuals will qualify for unemployment benefits, which has generally not been the case in the past.
Information from Oregon Employment Department

Last Updated: 4/1/2020 | 10:00am


Welcome to our site.  More information is available on the page links at the top of this page, but please do not hesitate to contact us if you have any questions or need assistance.  Our contact information is to the right of the page.