Below is a summary of key points covered by the Coronavirus Aid, Relief and Economic Security (CARES) Act On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act.  The Act contains several provisions affecting taxes.  Below is a brief summary of these provisions.  If you have questions…

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Letter to clients regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020. ** CLICK HERE to read a SUMMARY of the key points in the CARES Act ** Dear Client: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly…

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We strongly encourage you to submit your documents via one of our secure file submission platforms, TaxCaddy or Sharefile.  TaxCaddy: TaxCaddy makes it easier than ever to gather your 1040 tax documents and share them with Cover & Rossiter. If you are a current C&R client, send an email to Intake@CoverRossiter.com and ask to be…

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The Federal government has extended tax season, extension payments, and the 1st and 2nd quarter 2020 estimated tax payments to July 15, 2020 for Individual 1040, Fiduciary 1041, Corporate 1120, and 709 Gift tax returns. Each state will make a decision to adopt the Federal Extension Due Date. Many states are waiving penalties for late…

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CPA firms in Delaware have been designated as “essential businesses”. As a result, Cover & Rossiter is open for business, although most of our staff is working remotely. While we hope our clients take advantage of our digital capabilities, we are offering curbside drop-off / pick up service at the front of our building. In addition,…

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