Back to top

Client Login

Subscribe to our Newsletter


Click here to go back

The Coronavirus Aid, Relief, and Economic Security Act, 
The CARES Act” provides tax relief to individuals and businesses

After days of furious negotiations, Congress has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2.2 trillion price tag for tax relief and incentives for individuals and businesses makes it the most expensive piece of legislation ever passed. It includes the greatly anticipated provision for recovery rebate credits to individuals.  Here are some of the major aspects of The CARES Act. 

You may have many questions about how this will affect you and your taxes.
If you have any questions, please give us a call.

We are here to help.

Anderson, Spector and Co PC


March 20, 2020 Tax Deadline Extension

Posted by Admin Posted on Mar 20 2020

COVID-19 Tax Deadline Extension
March 20, 2020

New Tax Deadlines

The Treasury Department earlier today announced that many tax returns and payments coming due next month have been extended.  Instead of April 15ththese returns are now due July 15th, 2020.  Payments due with any of these returns was extended to July 15th earlier this week.  Affected returns and related payments are:

  1. 2019 U.S. Individual Income Tax Returns (Form 1040)
  2. 2020 U.S Estimated Payment Voucher Quarter 1 (1040-ES due 4/15/20)
  3. 2020 U.S. Estimated Payment Voucher 2 (1040-ES due 6/15/20)
  4. 2019 U.S. Income Tax Return for Estates and Trusts (Form 1041)
  5. 2020 Trust & Estate Payment Voucher 1 (Form 1041-ES due 4/15/20)
  6. 2020 Trust & Estate Payment Voucher 2 (Form 1041-ES due 6/15/20)
  7. 2019 U.S. Corporation Income Tax Return (Form 1120)

New ASC Office Procedures

Starting at 5pm today, March 20, 2020 we will be working remotely.  Other than changing how we receive and deliver data, we will remain fully operational.  We are asking our clients to send us their data by mail, email or fax unless other arrangements are made.  Our front door will be locked except for scheduled drop offs and deliveries.  We are asking our clients to use emails for communication with us because voicemails will be harder for us to monitor and retrieve.  We will be delivering tax returns and financial statements by secure email, mail and delivery services whenever possible.  We will schedule appointments as needed.  You can email us at or any of our individual email addresses.  You can get individual email addresses at  Hopefully we will able to return to normal operations later this spring.  Stay safe!

Anderson, Spector & Co., PC
Roy P. Anderson, CPA
David M. Spector, CPA
And all of us here at ASC.

Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, Anderson, Spector & Co., P.C. would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.