Kessler, Liscia, Gonzalez & Timms, CPAs PLLC

NEW: Our call-back system for UI claims will be in place today. If you have been instructed to call our Telephone Claims Center to complete filing your claim, you no longer need to call. A representative from the NYS DOL will call you back within 72 hours.

The tax filing deadline has been moved to July 15. If you are due a refund you should file as soon as possible to get your money. Contact our office for more information.

US Treasury Secretary Steven Mnuchin stated at a press conference yesterday, that the IRS will allow taxpayers to defer 2019 tax return payments until July 15, 2020. For individuals the amount of tax which can be deferred is up to $1 million. Corporations can defer up to $10 million. He indicated that the net impact of this action by the IRS will be to put $300 billion into the economy as another measure to minimize the consequences of the coronavirus pandemic. While 201...9 tax payments will be deferred, as of now the filing date will remain April 15, 2020, unless an extension request is filed. Even though Secretary Mnuchin said penalties and interest will not apply to the deferred payments, we recommend that you submit a request for an extension of time to file since it is not clear that there will also be a waiver of late filing penalties. Estimated tax payments for 2020 which are due April 15 and June 15 should be paid on time as it is not clear if these payments are covered. If you are due a tax refund for 2019, we recommend that you file your return as quickly as possible. We will follow these developments and will provide more information as it becomes available. If you have any questions, please do not hesitate to contact us.