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IRS DEADLINE EXTENDED! AND Portals for Manhattan Clients



IRS Deadline Extended!!!
TODAY, at 10:04 am, Treasury Secretary Steven Mnuchin Tweeted out a tweet (the only way this administration communicates it seems) that includes the following:
"....[W]e 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 and penalties."
We can all breathe a sigh of relief.
Now about those Portals....
Last night, for those of you who use the Manhattan office we attempted to send out invitations to as many of you as we had email addresses, to invite you to create a secure portal through which you can send us papers and have us send them back to you securely.  Unfortunately, this is a learning curve for all of us, and you may have received 4 or more of these invitations.  Please, only respond to one of them. You only need one. we apologize for the, in some cases, quadruplication.  The email would have come from "Register," and will say "NetClient CS".  We have received a lot of emails today asking if that is from us, or just spam, and yes, it is from us.
Back to the Tweet: 
What does this deadline extension mean for Team TaxMaster here, and what does it mean for you???
It means that no one has to frantically risk their health getting us their data before April 15th.. The offices will stay open, with at least one staff member, from 10-4 Monday through Friday -- as long as we can, and are allowed to do so --  to pick up mail, and for people be able to drop off their papers -- though we urge you to stay home, use the portal, or use the post office (or UPS, or FedEx -- something with a tracking number).
 
Beware of Scams
Our brokerage firm, LifeMark Securitiesjust sent out a notice that scammers are impersonating the World Health Organization (WHO) to take advantage of concern about the virus to get people to try to download "important information" only to discover the hard way that they downloaded malicious malware instead. They sent us a video on how to protect yourself from these, which I now share with you. 
And remember:  you WANT to have a pro in your corner to not only ensure that you are getting all of the deductions you are entitled to from the existing tax code ... but one who will also help you navigate the still-to-come credits, deductions and relief that this COVID-19 pandemic will necessarily usher in.
So again, to sum up:
1) BOTH The federal PAYMENT deadline AND the FILING deadline have BOTH been extended to July 15th. (Most states are following suit -- but that is usually a legislative process for the states, not usually done with the stroke of a pen, and clarity might not come right away. I'll keep you posted.)

David is a registered representative at LifeMark Securities Corp.

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