Dear Clients,

Please be aware that scammers are out there and they will stop at nothing to get your money. Make sure to protect yourself.

1. Be alert for phone scams. 
   The Internal Revenue Service (IRS), Treasury Department, or any other government agency will not contact you by phone to collect information for stimulus payment processing. Period.
2. Be alert for phishing scams. 
   Government agencies will not email or text you to collect information for stimulus payment processing. Watch for suspicious emails or texts with links or attachments requesting information for processing stimulus deposits or checks. If you receive one, do not click the link or open the attachment. It’s a scam. Delete it.
3. Be alert for state-related scams.
   State agencies will also not call, email or text you to collect information or a fee to process a stimulus payment. To date, no state has introduced their own version of a stimulus payment.

As of now, we are only aware of one communication a taxpayer will receive from the IRS. No later than 15 days after distributing a stimulus payment, the IRS is required to mail a notice to the taxpayer indicating the payment amount, whether the payment was mailed or deposited, and a phone number to call if the taxpayer did not receive the payment.

Victims or targets of stimulus payment scams should report it immediately to the Federal Trade Commission, www.ftc.gov/complaint.

If you think you are being scammed. Please hang up the phone or delete that email and give us a call 541-738-4313.

Today Secretary Mnuchin announced via twitter that IRS will be moving the April 15th filing date to July 15th due to the Covid-19 virus Notice 2020-18 (Read here n-20-18)

At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.

— Steven Mnuchin (@stevenmnuchin1) March 20, 2020

On March 18th IRS had extended the date to July 15th to pay taxes that were due on April 15th (IRS Update). But today March 20th they announced the due date has been moved to July 15th also.

Now, how does this affect you and me?

We are going to continue to work on all taxes that we currently have in our office.

If you have not brought your documents in yet please try to get them to us as soon as possible.

While the deadline to file might have changed we want to try to get your tax returns worked up to find out if you will owe or have refunds. Because if refunds are coming back we want to get those to you as soon as possible. If you will owe this will give you time to plan for any balance due.  If you will owe and you don’t think that you will be able to pay  by July 15th we will still need to file for an extension to be on the safe side.

Please call us 541-738-4313 or email kelly@nwtaxaccountingllc.com if you have any questions or concerns.

Thank you in advance

Please stay home, be healthy, wash your hands and practice good social distancing.

Kelly & Nancy

On March 13, 2020, the President issued an emergency declaration in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic. The emergency declaration instructed the IRS to provide relief from certain tax deadlines.

As a result, the IRS has extended the deadline to pay a federal income tax balance due. Effective for federal income tax payments that are due by April 15, 2020, the new extended payment deadline is July 15, 2020. This extended payment deadline applies to a balance due of up to $1 million for individuals, regardless of filing status, and up to $10 million for C corporations that do not join in filing a consolidated return.

The extended payment deadline applies solely with respect to federal income tax payments, including payments of tax on self-employment income due on April 15, 2020, and federal estimated income tax payments, including payments of tax on self-employment income due on April 15, 2020.

The period beginning on April 15, 2020, and ending on July 15, 2020, will be disregarded in the calculation of any interest, penalty, or addition to tax for failure to pay the federal income taxes postponed by Notice 2020-17 (n-20-17) , up to the $1 million threshold for individuals and $10 million threshold for C corporations. Amounts in excess of these thresholds are still subject to interest and penalties if paid after the April 15, 2020 payment deadline.

Notice 2020-17 (n-20-17) does not extend the payment or deposit of any other type of federal tax. The notice also does not extend the filing deadline for tax returns and information returns.

UPDATE from State of Oregon: The department is tied to the Internal Revenue Service filing and payment due dates for personal income taxes. If the IRS declares the April 15 due date to be extended due to the COVID-19 pandemic, Oregon will automatically connect to those dates for personal income tax filers (Oregon notice).

What are the other states doing find out HERE

Treasury Department Release Notice HERE

IRS COVID-19 Page

Due to the recent increase in Covid-19 cases we are asking all clients to please not come into the office if you have been sick, think you are getting sick, have a fever, have been out of the country to one of the infected areas or exposed to anyone you think might have been exposed.

We are doing this not only for our staff’s protection but for yours also.

If you are needing to bring in or pick up tax documents. We have a drop slot in the door that can be used to drop off documents. For pick ups we can mail them to you or send you digital copies through the secure portal.

If you have any questions we ask that you please give us a call (541)738-4313 or send us an email kelly@nwtaxaccountingllc.com

Thank you in advance for your understanding

Kelly & Nancy

Latest update from the Benton County website

COVID-19, or novel coronavirus, is a type of virus that has only spread in people since December 2019. Health experts are concerned because little is known about this new virus.

UPDATE: 3/12/20

At this time, there are still no known presumptive cases in Benton County. We are aware of and awaiting results on a single test and will communicate immediately if results are positive.

COVID-19 testing criteria and processes are rapidly evolving. Prior to this week, Oregon healthcare providers seeking testing of their patients submitted requests through County health departments. Now that testing is becoming more available through hospitals and private labs, medical providers will use their judgement to respond to individual patient conditions and risks. Providers submit their requests directly to the Oregon Health Authority; county health departments are notified about tests once results are completed. Benton County will report any presumptive cases as we are notified.

As of 3/12/20 there are 21 positive COVID-19 cases in Oregon. Oregon Health Authority (OHA) epidemiologists are working closely with public health investigators in counties with cases to identify close contacts of the cases.