Coronavirus Tax Filing & Payment | Cg Tax, Audit & Advisory

08 May

Coronavirus Tax Filing & Payment, Individual Tax

Do You Have Tax Questions Related to COVID-19? Here Are Some Answers

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May 8, 2020

The Coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed the office and I’m working from home. Can I deduct any of...

28 Apr

Coronavirus Tax Filing & Payment, Federal Tax

Coronavirus Filing Deadline FAQs

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April 28, 2020

The IRS has updated a series of FAQs related to the federal income tax return filing and payment deadlines in response to the Coronavirus (COVID-19) pandemic. These FAQs update information about expanded taxpayer relief...

23 Apr

Business, Coronavirus Tax Filing & Payment

IRS Extends Some (But Not All) Employee Benefit Plan Deadlines

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April 23, 2020

The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel Coronavirus (COVID-19) crisis. This guidance applies to specified filing obligations and...

14 Apr

Coronavirus Tax Filing & Payment

Extended Tax Deadlines in New Jersey

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April 16, 2020

Governor Phil Murphy is expected to sign a bill today to extend the April 15 personal income tax and corporate business tax filing and payment deadlines to July 15. The New Jersey Division of Taxation...

13 Apr

Coronavirus Tax Filing & Payment

The IRS Announces New COVID-19-Related Assistance For Taxpayers

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April 13, 2020

The IRS and the U.S. Department of Treasury have announced new relief for federal taxpayers affected by the Coronavirus (COVID-19) pandemic. The IRS had already extended certain deadlines to file and pay federal income...

11 Apr

Coronavirus Tax Filing & Payment, Federal Tax, Tax

Report Employee Retention Tax Credit

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April 10, 2020

Employers should report the employee retention tax credit on their returns for the 2nd quarter of 2020. The Coronavirus Aid, Relief, and Economic Security (CARES) Act supports certain employers that operate a business during...

04 Apr

Coronavirus Tax Filing & Payment

Employment Tax Deposits

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April 3, 2020

Relief is granted for failing to make employment tax deposits due to Coronavirus (COVID-19). IRS Notice 2020-22 provides relief to employers entitled to refundable tax credits under the Families First Coronavirus Response Act (FFCRA)...

01 Apr

Coronavirus Tax Filing & Payment

NJ Tax Filing Deadline & Fiscal Year Extended

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April 1, 2020

According to a Tweet by Governor Phil Murphy, New Jersey’s tax filing deadline is extended until July 15, 2020 and the state fiscal year is extended to September 30, 2020. We will continue to...

28 Mar

Coronavirus Tax Filing & Payment

New Guidance on Gift Tax Return & Payment Deadline

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March 28, 2020

We have updated guidance from the Internal Revenue Service (IRS) regarding gift tax return and payment deadlines amid the Coronavirus pandemic. Notice 2020-20 gives taxpayers an automatic extension to July 15, 2020 to file...

21 Mar

Coronavirus Tax Filing & Payment

Updated Guidance From IRS on Tax Filing Deadline Extension

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March 26, 2020

We sent communication yesterday regarding the 90-day extension of the U.S. tax filing and tax payment deadline in the wake of the Coronavirus pandemic. The IRS recently issued new guidance in Notice 2020-181 on...

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