When are federal taxes due?
As per the IRS, the federal tax deadline is now July 15.
When is the Pennsylvania tax deadline?
The Pennsylvania Department of Revenue (DOR) announced on March 21, 2020, that it has extended the filing deadline for Pennsylvania personal income tax returns to July 15, 2020. The DOR will also waive penalties and interest on personal income tax payments made through the new deadline.
How can I find out if other states have extended their tax filing and payment deadlines?
The AICPA has compiled this chart, which provides an update on tax filing in all U.S. states.
What about AST prepayments?
The DOR announced that it is waiving penalties for businesses that are required to make accelerated sales tax (AST) prepayments by Friday, March 20, 2020. The DOR also indicated, "additionally, for April sales tax payments, the department is waiving the AST prepayment requirement and asking businesses to simply remit the sales tax that they have collected in March."
What about local tax jurisdictions?
Each Tax Collection Committee (TCC) or county must make their own declaration to extend filing and payment deadlines, unless the Department of Economic and Community Development (DCED) passes a regulation for it or the legislation language is amended. View a full up-to-date listing.
Is accounting considered life-sustaining?
Yes, accounting, tax, and payroll services have been added to the list of life-sustaining businesses as of March 20 by Gov. Tom Wolf. It is still recommended to work from home whenever possible to prevent disease transmission. This also includes individuals providing those services in industry.
What is the government doing to help me and/or my employees during this time?
The Families First Coronavirus Response Act, which was recently signed into law, seeks to ensure the safety of Americans and ease the economic toll of the coronavirus (COVID-19) by strengthening the social safety net. Gallagher Affinity has a summary of what is available to employers and employees.
The PICPA is working on getting clarification on more issues, such as tax filing deadlines for businesses and extension deadlines, and will provide updates as soon as we have more information. Submit more questions to firstname.lastname@example.org.