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Tax Time in the Age of the Coronavirus: What You Need to Know


by Jason Russell, CPA

t Russell CPAs, we understand this is a stressful time for many of you. We want to reassure you that we are taking all necessary steps to provide for the continuity of our client services and the safety of our employees and clients as we navigate through the uncertainly of the coronavirus outbreak. We are staying up-to-date on the latest developments. The actions we are taking include monitoring resources such as the Centers for Disease Control and Prevention (CDC) (https://www.cdc.gov); the World Health Organization (https://www.who.int/); the Occupational Safety and Health Administration (OSHA) (https://www.osha. gov/SLTC/covid-19/); and our local public health department. As you know, this is one of the busiest times of the year for accounting firms with tax filings and financial statement regulatory deadlines rapidly approaching. Disaster preparedness is an integral part of our firm’s risk management program and includes a viable pandemic response plan. We want to assure you that we are prepared to handle the current situation. Since the counties in which many of our employees and clients reside have requested their residents to shelter in place, we will be closing our office effective the end of the business day today. Our firm has been prepared in the event we need to operate from outside of our office with the necessary equipment, as well as backup systems and technical support, that will allow our workforce to work remotely in compliance with our Disaster Recovery Plan and other policies. We remain committed to maintaining our firm’s quality control standards. Though we are committed to continuing the workflow, working remotely is not as efficient and will require additional time to process your tax filing paperwork. To make accessing our team seamless

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for our clients, you may reach us by our office phone number if necessary. We encourage you to take advantage of our well established system to upload your tax documents at our website www.RussellCPAs. com which is mobile friendly and easy to use. Your login is your email address, if you can’t remember your password please utilize the forgot my password link. Please contact our office at (916) 966-9366 and we can walk you through the simple process of uploading your documents. We even have old school technology, if you are so inclined, you can fax your documents to us at (916) 966-8743. If you currently have appointments scheduled, we will contact you to transition these appointments to conference calls, skype or Face Time appointments. The IRS and California Franchise Tax Board has extended its deadlines for payment of taxes owed until July 15, 2020. If you have already provided our office with your tax materials, we are working towards our standard two-week turnaround promise but we ask for your patience and understanding if this promise isn’t achievable considering the rapid changes we are experiencing. Our top priorities are the health and safety of our employees and clients. We will continue to monitor guidance from health experts and government recommendations and will do our very best to maintain the quality and timeliness of our services to you. We appreciate your flexibility and support during this time, and our thoughts remain with everyone affected by the COVID-19 crisis.

Breathe Easier We Are Here if You Need Us. We are working under all City and County safety guidelines with limited face-to-face interaction. Heating Issues • Cooling Issues • Indoor Air Quality Issues

916-481-0658 www.HotCold.com CA Lic: #464658 C-20 Sacramento Rainbow Chamber of Commerce Member & Outword Magazine Advertiser for Over 9 Years

Greetings Community Partners, Please Be Aware of Scams and Attempted Fraud Involving COVID-19 I am writing to pass along information on resources for reporting and recognizing COVID19 fraud. Criminals are attempting to exploit COVID-19 worldwide through a variety of scams, some of the more common being:

Individuals and businesses selling fake cures for COVID-19 online and engaging in other forms of fraud. Phishing emails from entities posing as the World Health Organization or the Centers for Disease Control and Prevention. Malicious websites and apps that appear to share virus-related information to gain and lock access to your devices until payment is received. Seeking donations fraudulently for illegitimate or non-existent charitable organizations. If you think you are a victim of a scam or attempted fraud involving COVID-19, you can report it without leaving your home though a number of platforms. Go to: Contact the National Center for Disaster Fraud Hotline at 866-720-5721 or via email at disaster@leo.gov Report it to the FBI at tips.fbi.gov If it’s a cyber scam, submit your complaint through ic3.gov Additional resources and information can be found on the Justice Department’s recently released web page: https://www.justice.gov/coronavirus. As always, please do not hesitate to contact me if I can be of assistance. Wishing you and your families health and happiness. Sean Vassar, USACAE, USDOJ.gov outwordmagazine.com

March 26, 2020 - April 9, 2020 • No. 645

Outword Magazine 5

Profile for Outword Magazine

645 COVID-19 Special Resource Edition - We will get through this, together.  

With this very special issue of Outword, and we have worked hard to pull together this resource guide for the Sacramento community. This goe...

645 COVID-19 Special Resource Edition - We will get through this, together.  

With this very special issue of Outword, and we have worked hard to pull together this resource guide for the Sacramento community. This goe...