Update On Federal Policy In Light Of COVID-19

Published by Matt Brady | March 16, 2020

Dear clients,

At BradyRenner CPAs, we are closely monitoring the federal, state and local response to COVID-19.

At this time, the White House has declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.

As a result, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury are empowered to extend tax deadlines for certain classifications of taxpayers.

While Treasury Secretary Steven Mnuchin has suggested extending selected deadlines until December 31, 2020, please note that no changes have, as of yet, been enacted.

The American Institue of Certified Public Accountants (AICPA), our national association, has made specific recommendations for providing relief to taxpayers during this crisis.

However, again — as of today — all existing filing deadlines and requirements (including the March 16th and April 15th deadlines) remain in place.

We will notify you of any changes as they arise.

Thank you again for being a trusted client of BradyRenner CPAs.

Best,

Matt Brady, CPA
President