News and updates from John Halterman
90 Day Tax Deadline Delay
  

We hope you and your family are healthy, happy and enjoying the simple pleasures of life as we all fight through this Coronavirus pandemic. 

In light of current events and potential financial difficulties caused by the COVID-19 (Coronavirus) outbreak, the Internal Revenue Service (IRS) has postponed the 2019 federal income tax filing and payment deadline until July 15, 2020. 1,2,3

Those who owe payments up to $1,000,000 as individuals or $10,000,000 as a corporation may claim the 90-day delay in payment without interest or penalties. 1
 
We recommend that you consult your tax, legal, and accounting professionals before modifying your existing tax strategy. While it's my intention to keep you updated on the most recent information, this is not a replacement for real-life tax advice.
 
The Coronavirus clearly has us all in unprecedented territory right now, and we full understand the uncertainty and difficulties you and your family may be experiencing. We want to continue to reiterate the one thing you don't have to worry about is your money. We are here for you. Our team is an expert resource for you, and we are available as and when you need us. We are more than happy to take the time to answer any questions or concerns you may have. Please do not hesitate to call us any time at 304.626.3900.

As always, we're here to help ease any and all concerns.

We greatly appreciate your continued trust, confidence and friendship.

Sincerely,



The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed to provide information on a topic that may be of interest. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. 

[1] IRS.gov, March 18, 2020
[2] USA Today, March 17, 2020
[3] CNBC, March 20, 2020

Beacon Wealth Management
607 East Pike Street,  Clarksburg, WV 26301
304.626.3900

Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member  FINRA / SIPC . Advisory services offered through Cambridge Investment Research, Inc., a Registered Investment Advisor. Beacon Wealth operates independent of Cambridge.
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