Lynn EA USTCP in Louisiana

I have done only 2 or 3 5500's in my 30 year career, all of which were to close the account. The last one I did was more than 10-15 years ago and I do not recall the time involved. It was the 5500-EZ form (I think, fuzzy recollection) and do not imagine it would be more than an hour presuming the client provided all of the pertinent information. It will probably take longer to read the instructions than to do the actual return. YMMV

IRS just issued notice 2020-66 which extends the RSED for 2016 returns from 4/15/2020 to 7/15/2020

Judy, thank you for fixing the link. I have not heard or seen more info for helping those who do not meet any of the other parameters. When, or if, I do It will be posted here, hopefully with a good link. Lynn

https://home.treasury.gov/news/press-releases/sm967 Today Treasury Secretary announced those without a filing obligation, receiving SS or VA benefits have no need to file in Ryder to get the stimulus payment.

ILLMAS, I submitted the application for my own business.

I completed the SBA loan application middle of the night last night . It was a very quick process .

Did you try changing the date in your letter?

Louisiana just issued a Revenue Bulletin extending due dates to match those of the IRS , 7/15 - revenue.louisiana.gov/LawsPolicies/RIB%2020-009%20Income%20and%20Franchise%20Tax%20Extensions%20and%20Other%20Matters%20Related%20to%20COVID-19.pdf

Gov. Edwards Issues Statewide Stay at Home Order to Further Fight the Spread of COVID-19 in Louisiana March 22, 2020 Today, Gov. John Bel Edwards issued a statewide Stay at Home order that goes into effect at 5 p.m. Monday, March 23, to further fight the spread of COVID-19 in Louisiana, as the number of confirmed cases have topped 800 and spread to more than half of our parishes. Click here to read the Governor’s statewide Stay at Home order. Click here to see graphics. “In Louisiana we have taken aggressive measures to mitigate the spread of COVID-19 and flatten the curve; however, this is not enough. As our number of cases continue to grow, I am directing all Louisianans to stay at home unless it is absolutely necessary for you to leave. I am implementing this measure to help prevent you from becoming infected or infecting someone else. People can leave their homes to do essential things like buying groceries or food, pick up medicine or go to work only if their job is essential. If you have to go out, make sure you practice social distancing measures and keep 6 feet between you and the people around you. People are encouraged to go outside and to stay active during this time, as long as they practice social distancing when they are around their neighbors,” Gov. Edwards said. “This order is not something I take lightly, but it is necessary to protect the health, safety and well-being of our people, our communities and our way of life.” The order is set to expire at the end of the night on Sunday, April 12. The Governor will re-evaluate the need for the statewide Stay at Home order and other mitigation measures currently in place to determine if they need to be extended beyond April 12. The Governor previously ordered all K-12 public schools, casinos, bars movie theatres, gyms and fitness centers closed and restricted restaurants to take-out, drive-through and delivery orders only. He has also moved the state’s April 4 elections and limited crowd size. For businesses, the new Stay at Home order has limits on the following: All places of public amusement, whether indoors or outdoors, including but not limited to, locations with amusement rides, carnivals, amusement parks, water parks, trampoline parks, aquariums, zoos, museums, arcades, fairs, pool halls, children’s play centers, playgrounds, theme parks, any theaters, concert and music halls, adult entertainment venues, racetracks, and other similar businesses. All personal care and grooming businesses, including but not limited to, barber shops, beauty salons, nail salons, spas, massage parlors, tattoo parlors, and other similar businesses. All malls, except for stores in a mall that have a direct outdoor entrance and exit that provide essential services and products as provided by the Cybersecurity & Infrastructure Security Agency (CISA) guidelines. Businesses closed to the public as listed in the order can conduct necessary activities such as payroll, cleaning services, maintenance or upkeep as necessary. Any business not covered by the guidance from the CISA discussed in Section 3 of the order and not ordered to temporarily close must reduce operations to continue with minimum contact with members of the public and essential employees, while requiring proper social distancing, adhering to the 10-person limitation on gathering size. Early learning centers and child care facilities adhering to the guidance issued by the Louisiana Department of Education and Office of Public Health may continue to operate. Examples of Essential Worker Functions under the Cybersecurity & Infrastructure Security Agency (CISA) guidelines include: Healthcare workers and caregivers Mental health and Social Service workers Pharmacy employees Workers supporting groceries, pharmacies and other retail sales of food and beverage products Restaurant carryout and quick-serve food operations and food delivery employees Farm workers Electricity and Utility Industry Employees Critical Manufacturing Employees (medical supply chains, energy, transportation, food, chemicals) Petroleum, Natural and Propane Gas Workers Transportation and Logistics Workers Communications and Information Technology Employees Financial Services and Banking Industry Employees See CISA essential business guidelines here. Members of the public will still be allowed to go to grocery stores and pharmacies to pick up food, medicine and necessary supplies, go to their essential jobs and to go outside for exercise and fresh air. When leaving their home, people should practice social distancing.

Louisiana u dear stay at home order til 4/12. https://gov.louisiana.gov/index.cfm/newsroom/detail/2427

New Orleans mayor this afternoon issued a stay at home mandate for residents of New Orleans. So far, it has not been picked up by officials of the surroundings towns and municipalities.

You have to set them both up as verifyle users and send the 8879 to each of their email accounts.

https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal there's a section for cancellations, with the phone number for the CLIENT to call.

I don't have an answer for your question. Have you considered directing the client to establish a direct debit at direct pay on irs.gov ?

Look at the last paragraph on page 2 of Notice 2020-17. I think it does apply to individual estimated tax payments.

Damn spell check. !!!!

Yardley CPA, the short answer is NO. Munchkin said nothing about changing the due date to file from 4/15 to 7/15. There is no official guidance, no bill, no law, no IRS guidance. Munchkin said to file by 4/15 if possible, to file an extension of could not meet the 4/15 deadline. He stated the goal is for those that owe to have 90 days to pay without penalty or interest.

I just sent out an email to this year's 'latecomers' announcing no in person appointments, with the opportunity to drop off, snail mail, or send via my portal or verifyle (a secure document sharing platform). If I didn't already have a website I'd d/c the portal and only use verifyle. I also (again) notified them that extensions were possible, but they had to explicitly ask for one. Once we receive final guidance from what was said in today's news conference I'll send out another email blast with those details.

The headline is incorrect. Mnuchin urged folks to meet the 4/15 filing deadline if possible, especially those receiving refunds. Those who could not file by 4/15 still must file an extension. The 90 days suggested in the article are 90 days to PAY, penalty and interest free; full details will be provided in the bill passed by the Senate and signed by the President. Until pen hits paper it's still speculation.

Stay tuned. An announcement is expected one day this week.

I just bought a box of Bic pens for clients to use (the few that come to pick up/sign/pay) and take with them. Those pens will be segregated from the ones I use on a regular basis. Other than that, business as usual - cleanliness, hand sanitizer, hand washing, mailing as many returns as possible. Most of my clients mail or upload their info.

I have a nonfiler (needs to file back to 2012, and is willing to do so) who started doing this in 2011. This is new territory to me, too, so I will be watching this topic for info from more enlightened folks than me.

Nothing, yet

QBO is dreck.

I thought ATX said they were not going to update the 2018 forms for the extenders until after 4/15. I might be wrong ......