On March 12, the Governor of California declared tax relief that delays the deadline for state tax filing by 60 days for individuals and businesses unable to file on time based on compliance with public health requirements related to COVID-19 filings.
This relief follows the Governor’s March 5th declaration of a State of Emergency to make additional resources available, formalize emergency actions already underway across multiple state agencies and departments, and help the state prepare for broader spread of COVID-19. (www.gov.ca.gov/wp-content/uploads/2020/03/3.4.20-Coronavirus-SOE-Proclamation.pdf)
The Governor’s March 5th declaration states that employers statewide directly affected by the new coronavirus (COVID-19) may request up to a 60-day extension of time from the EDD to file their state payroll reports and/or deposit payroll taxes without penalty or interest. Written requests for extension must be received within 60 days of the original delinquent date of the payment or return to file/pay.
Wilson Tax Law Group endorses any tax relief efforts being sought to assist those communities, industries, businesses and individuals negatively affected by the outbreak. Although tax relief doesn’t solve the problem it helps mitigate the finacial fallout. If you or your business has comments or concerns or is seeking professional and diligent legal tax help, contact the Wilson Tax Law Group at 949-397-2292.