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Update about the Coronavirus (COVID-19)

At Dickinson & Clark CPAs PC we are committed to ensuring a healthy and safe environment for our clients, employees and community. We continue to closely monitor the evolving Coronavirus (COVID-19) situation, along with the latest recommendations from federal, state and local authorities.

We are also monitoring legislative decisions that may impact the timing of tax filings and due dates. We want to help you complete your individual and business tax filings in a timely manner.

Legislative Updates:

Individual tax filing due date moved to July 15, 2020– United States Treasury Secretary Steven Mnuchin announced on Friday March 20 that income tax returns normally due on April 15 will not be due until July 15 this year. On Wednesday March 18, the IRS had also announced in Notice 2020-17 that it was pushing back the deadline for certain federal tax payments (up to $1 million for individuals and up to $10 million for corporations) that were due on April 15 to July 15.

The Iowa Department of Revenue has also extended the filing and payment deadline for several state tax types, including income tax. The order extends filing and payment deadlines for income, franchise, and moneys and credits taxes with a due date on or after March 19, 2020, and before July 31, 2020, to a new deadline of July 31, 2020. No late-filing or underpayment penalties will be due for qualifying taxpayers who comply with the extended filing and payment deadlines in this order. Read more here: https://tax.iowa.gov/iowa-extend-filing-and-payment-deadline-income-tax-and-other-tax-types

Nebraska Department of Revenue – No new legislative update regarding income taxes at the time of this letter.

For Businesses… The President has signed the Families First Coronavirus Act (HR 6201, the “Act”) intended to ease the economic consequences stemming from the novel coronavirus disease (COVID-19) outbreak by providing family and medical leave, and sick leave, to employees and providing tax credits to employers providing the leave. The Act also affects employer-sponsored health plans.

About Our Processes:

We are continuing to ask you to drop off or mail in your income tax information. We have a secure drop box on the front of our building. You can also correspond with us via e-mail. We can provide a link to a secure portal to upload your scanned or digital information. Our professionals can complete your income tax returns and correspond with you electronically or by phone to discuss any questions.

For delivery, in order to reduce the potential spread of any viruses, we would suggest either e-mail or postal delivery of your completed tax returns to you. Simply call our office, make your payment, and once your payment is received, we will mail or (if an electronic copy was previously requested) e-mail your tax returns to you. You will need to make sure you return your signed e-file forms to us so that we can submit your returns electronically.

As a family-friendly employer, we recognize that our employees are not only trying to serve our clients well, but like you, they are also trying to accommodate the needs of their children, families and other loved ones through this event. While we are remaining staffed to continue to serve our clients well, we are anticipating somewhat longer completion times for income tax returns. We would ask you to be patient as we do our best to serve you during these unprecedented times.

Absent a significant event in our community, our office will remain open. We will inform you if that changes. If you are planning to come to our office and you have been exposed to, or are experiencing any of the symptoms related to the virus such as coughing, shortness of breath or fever, we would appreciate if you would call us so we can make other arrangements. The health of our employees and other clients is important.

Please do not hesitate to reach out to us at 712.328.2600 with your questions and concerns.

We appreciate your business and look forward to your continued partnership. Please take care of yourselves and each other.

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