On September 10, 2020, the Senate failed to pass the Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act. This bill was described as a targeted proposal, and included...
The IRS has warned taxpayers who have not yet filed their 2019 tax returns that higher penalties will be imposed if they file after September 14. Taxpayers who submitted an extension of time to file t...
The IRS has announced that it is temporarily allowing the use of digital signatures on certain forms that normally require a handwritten signature. The following forms can be submitted with digital ...
The IRS had announced that it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically; the Service has now added several additional forms to that...
The IRS has temporarily suspended the mailing of three notices—CP501, CP503, and CP504—to taxpayers who have a balance due on their taxes. The IRS is taking this step to avoid confusion for taxpay...
The IRS announced the launch of the Bi-Partisan Budget Act (BBA) Centralized Partnership Audit Regime website. The website intends to be a one-stop location for anything BBA-related including regulat...
The IRS will be providing Form 1040 in Spanish for the first time as part of a larger effort to reach underserved communities. The IRS’s newly expanded multilingual initiative is a key part of helpi...
A taxpayer was not exempt from Ohio municipal personal income tax as the taxpayer failed to establish that he was not a resident of village of Riverside. Generally, municipalities (like Riverside) may...
Ohio Deadline Update 3/28/2020
On March 28th, Ohio Governor Mike DeWine signed HB 197 to, among other things, extend the filing and payment dates for state, municipal, and school district income taxes by the same period as any federal income tax extension granted in response to the COVID-19 disease outbreak. Effectively this changed the April 15th deadline to July 15th.
This is the first time in my career that major tax legislation has been passed during the middle of tax season. Fortunately the change in the filing/payment deadline gives us the time to gain an understanding of the new laws and make sure we are preparing your tax returns in the best way possible.
This has certainly been the most unsual and, in many ways, difficult tax season we've ever experienced. We appreciate your patience and understanding as we work to provide the highest level of service in these turbulent times.
IRS Tax Return Deadline Postponed
On March 18, 2020, the IRS issued guidance providing that it would waive penalties and interest on tax payments for 90 days, though not postponing the due date for filing 2019 tax returns. However, on March 20, 2020, Treasury Secretary Steven Mnuchin announced via Twitter that the IRS and Treasury have delayed the due date for filing 2019 tax returns to July 15, 2020. At this time, no further guidance has been issued. However, the Senate’s draft of the Corona Virus Aid Act released on March 19, 2020 also included a delay of the filing deadline to July 15, 2020.
It is expected that state and municipal governments will follow the IRS action and delay their due dates as well, but this is not confirmed.
Just like all of you, the Corona virus has affected our office and home lives. While we continue to work, we cannot be as efficient as we are under normal circumstances and, unfortunately, the pace of preparation and review of tax returns has slowed. As in the past, we will work on returns in the order they were received, but, at this point, we cannot guarantee that all clients’ returns will be finished by April 15th.
Since this is a rapidly changing situation, we will try to post updates here as information becomes available from reliable, official sources.
We appreciate your trust and confidence and ask for your patience during this unusual time. Please be safe, stay healthy and may God bless you and your families.
David R. Kirkey, CPA, CFP
Committed to Helping You Achieve Financial Success and Peace of Mind
Welcome to Kirkey & Co., Inc. and thank you for visiting our website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the internet as we endeavor to continue to provide the highest quality professional service and guidance.
The 2019 Tax Organizer, related forms and information for this tax season are available on the 2019 Tax Center page by clicking the menu above! Please be sure to read the note regarding preparation deadlines.
As you browse through our website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletters section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external websites that we think would be of interest to our clients and visitors (in our Links section).
Please feel free to contact us with any questions or comments you may have - we would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.
Online Client Access
Current clients can securely access PDF copies of their current and prior year's tax returns on the ShareFile page! You can also use ShareFile to send us documents in a secure way. Please never use regular email to send us any confidential information.