Special Message Regarding

the Coronavirus

 

Still Here

to Serve

You!

As a Fourteen Year Virtual Accounting Service, MBA Services Stands Ready to Serve

The global Covid-19 pandemic has dominated the news and changed the world presently, as well as for the foreseeable future. Although vaccine efforts have flattened the curve, alarming spikes continue throughout the United States. As we all grapple with what this means for both our personal and financial health; I want to reassure our clients, colleagues and community we serve, that when this is over, MBA Services will be here and count it a privilege to provide essential services throughout this crisis.

Throughout the crisis, we have consistently provided financials for loan and grant funding relief, maintained pre-pandemic services without interruption, and participated in numerous conference calls and webinars to not only learn to be informed but likewise, offered guidance/advice when requested. We remain ready to provide clear-headed calm, understanding, and information clarity during these uncertain times. Since our inception fourteen years ago, our primary structure and service delivery system has been virtual. Consequently, we never scrambled to get ready, we are ready; with state-of-the-art cloud capacity, high-security hardware, software, and protocols. Our IT and Accounting professionals remain committed to working with clients on a case by case, need by need basis.

Please don’t hesitate to call or click should you have questions or need assistance during this fast pace ever-changing world and financial climate.

Covid-19 Tax Deadline Extensions and Government Resource Links:

  • IRS Payment and Filing Deadline Extended to July 15, 2020  https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020

    • Other Upcoming Tax Deadlines:

      • April 15th - Edvest Contributions due (for 2019)

      • May 15th - Form 990-T

      • June 15th - Quarter 2 (2020) estimate tax payment due

      • July 15th - 2019 Form 1040 due (nothing needs to be filed with IRS before this date, it’s automatic)

Balance due on the 2019 Form 1040 tax returns (no late pay penalty or late interest)

2019 Form 1041 due date (for trust/fiduciary returns)

2019 Form 1120 due date (including 1120C and 1120H)

Estate and gift tax return due

IRA (traditional or Roth) contributions for 2019

Health Savings Account contributions for 2019

SEP contributions for 2019

Quarter 1 (2020) estimate payments

If needed, file Form 4868 for additional time to file 2019 Form 1040s (if you are unable to file income tax returns by July 15th, extension granted to 10-15-2020).

  • What is NOT extended by this IRS relief?

Excise taxes or information return filings.

  • Any taxpayers who have a filing or payment due dates other than April 15 have not been granted relief at this time.