COVID-19 Resource Center: Alerts & Support

Corona Virus: COVID-19 - Tax Extensions & Updates

Updated Message to Our Clients

March 27, 2020 -- With the concern of the spread of Coronavirus (COVID-19), we want to do everything we can to protect the safety of our clients and staff and to comply with our governor’s recent initiative to reduce contact between people as much as possible.

How to get your tax documents to us:

Effective immediately, we are asking clients to upload your scanned or downloaded PDF documents to your accountant using SafeSend or the portal if you are registered. If you choose to mail your information, you can mail to the Elk Grove Village, Elgin, McHenry or Tinley Park office locations. This can be done through FedEx, UPS, regular mail or fax. Evanston Clients: Please mail your information to the EGV address.

All of us at Porte Brown are here for you. Please continue to take care of yourself, your family & your business. If you have any additional questions please call us at 847-956-1040, email your accountant/rep., or message us using the Contact Form.

Latest Updates:

Stimulus Package

Stimulus Package:

How Much Can You Expect?

April 1, 2020 — Stimulus checks intended to ease the economic impact of the coronavirus pandemic will soon be on their way. Under the Coronavirus Aid, Relief, and Economic Security... Read More

Small Business Owner

The CARES Act: Stimulus Package:

Small Business Payment Protection Program Overview

April 1, 2020 — The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can... Read More

Paycheck Protection Program Application Form

Paycheck Protection Program:

Application Form

April 1, 2020 — The Paycheck Protection Program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone... Read More

Receiving a check

The CARES Act:

Paycheck Protection Program – Emergency Relief

March 28, 2020 — One of the core pieces of the CARES Act is the provision of $349 billion for small businesses through federally backed loans under a modified and expanded... Read More

The CARES Act: Individuals Provision

The CARES Act:

Individuals Provision

March 28, 2020 — Individual taxpayers can expect a recovery rebate check of $1,200 per individual ($2,400 for married couples filing jointly), plus $500 for each qualifying dependent child, as soon as the U.S. Department of the Treasury... Read More

The CARES Act: Businesses Provision

The CARES Act:

Business Provisions

March 28, 2020 — One of the core pieces of the CARES Act is the provision of $349 billion for small businesses through federally backed loans under a modified and expanded Small Business Administration (SBA) 7(a) loan guaranty program... Read More

Illinois State Capital Building

SBA Loan Assistance:

Illinois COVID-19 Relief Program

March 26, 2020 — This is an impact investment loan program under which the State Treasurer would make up to $250 million in deposits available to financial institutions through... Read More

Hand with question marks

Deadline for 2019 IRA Contributions Extended

IRS Releases FAQ on Tax Deadline Extensions for IRA Contributions

Taxpayers have extra time to contribute to their individual retirement accounts... Read More

Employee Rights During COVID-19

Families First Coronavirus Response Act:

Employee Expanded Family & Medical Leave Rights

March 26, 2020 — The Families First Coronavirus Response Act requires certain employers to provide employees... Read More

American Flag

Senate Reaches Deal on $2 Trillion Stimulus Bill

March 25, 2020 — After days of negotiations, Republican and Democratic senators have reached a deal on a roughly $2 trillion stimulus package to ease the damaging economic effects of the coronavirus... Read More

Gov. Pritzker Addresses the State

Illinois Extends State Income Tax Deadline to July 15

March 25, 2020 — Illinois Governor J.B. Pritzker announced the state’s income tax filing and payment extension would be pushed back three months to accommodate families and businesses... Read More

Rolling up our sleeves.

Tax Day Extension to July 15 Announced

March 20, 2020 — The deadline for individuals and businesses to file their income taxes will shift from April 15 to July 15, Treasury Sec. Steven Mnuchin announced today. Previously, the U.S. Treasury Department and the IRS had... Read More

Jar of cash - Sales Tax Deferral Announced

Sales Tax Deferral Announced

March 20, 2020 — Illinois Department of Revenue (IDOR) announced short-term relief for late sales tax payments due to COVID-19 virus outbreak. The sales tax deferral will apply to 24,000 small and mid-sized bars and restaurants... Read More

Stack of $100 bills

Cancelling 4/15 Direct Debit Payments...

March 20, 2020 — If your 2019 return has been electronically filed and accepted, and your federal tax payments or 2020 estimated tax payments were set for direct debit with the original 4/15 due date those can... Read More

Additional Resources

Stay up-to-date with the latest coronavirus (COVID-19) news and guidance with these additional resources:

IRS: Coronavirus Tax Relief

"The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus." This IRS page will be updated as new information is made available.

IRS Filing & Payment Extension Q&A

"In Notice 2020-18 (PDF), the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency. Below are answers to frequently asked questions related to..."

Centers for Disease Control and Prevention (CDC)

"CDC recommends that for the next 8 weeks, organizers cancel or postpone in-person events that consist of 50 people or more throughout the U.S." For more information on the Coronavirus (COVID-19) and how to protect yourself and others, please visit the CDC's website.

USAGov

"Learn about international travel restrictions, how you can prepare for coronavirus, and what the U.S. government is doing in response to the virus." -- USA.gov

U.S. Department of the Treasury

Visit the U.S. Treasury's website for additional resources, updates, and guidance.

Please leave us a message and you will be contacted as quickly as possible. We're here to help you during this difficult time. If you need immediate assistance please call us directly at 847-956-1040.

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