While we will continue to update our preparedness resource center, for up to the date notifications, please like and follow our Facebook page for incoming news about SBA loans, tax credits, changes in operating hours, and more.
The federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief.
The Treasury Department and the Internal Revenue Service announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people The IRS has compiled a list of frequently asked questions concerning the payments.
Your Bastrop Chamber has compiled a Resource List on the Coronavirus (COVID-19) geared towards businesses to assist you during these uncertain times. Included are links to the Center for Disease (CDC), Small Business administration (SBA) and updates on the COVID-19 cases just to name a few. Check back often for the latest updated information.