Trump's Recent Proposals in Response to COVID-19

We are monitoring the latest statements from the Federal Government in regards to a proposed 2020 Payroll Tax cut and delay of the upcoming April 15th tax filing deadline. 

In an address from the Oval Office, Trump stated he would use emergency authority to allow individual taxpayers and businesses to defer paying their income taxes by next month’s deadline if they have suffered adverse effects from the spreading virus. At this time, we are not sure what will be the threshold for determining “adverse effects” from the virus or who qualifies. 

As of now, we are operating as if filing and tax payment deadlines are unchanged and will keep you informed as to any developments. If you have any further questions, please call 225-927-6811. 

Sincerely, 

Faulk & Winkler, LLC

Baton Rouge, Louisiana