The Cares Act has been signed into law and contains many complexities. Below is a summary of the stimulus payments portion of the Act intended to help taxpayers in this time of need. Every individual will receive a $1,200 stimulus payment sometime between now and the end of the year. If you are married filing joint you will receive $2,400. For each dependent claimed that is under 17 (at year end) the payment will be increased by $500 per dependent. Unfortunately dependent

The Federal filing deadline has been extended from April 15th to July 15th. An extension can still be requested for an additional 3 months until October 15th. This applies to corporate, partnership, individual and fiduciary income tax returns. It also includes extension of payments that are due for with either the tax return or the estimated payments. There is no need for an extension on April 15th. The following will apply to individual estimated tax payment due dates: Q2 es