This page will be updated as new information is available.
We understand that everyone is concerned about coronavirus. And we are as well, which is why we are taking precautions to keep our clients and our staff safe.
While the threat of coronavirus exists, we are asking both clients and staff who feel unwell or have sick loved ones to refrain from visiting Momentum onsite. If you have tax documents to deliver or need to communicate with our team, please do so through your client portal or drop paper files off through the mail slot in our front door.
In addition, we highly recommend that you visit the Colorado COVID-19 website for current guidelines on good hygiene practices to prevent the spread of COVID-19 and other respiratory diseases. Our main focus is the continued good health of everyone!
Please be sure to reach out to us with concerns or questions. We are here to help!
SBA Disaster Assistance – Small business disaster loans at 3.75%. Apply directly here.
IRS Coronavirus Tax Relief
- All individual returns have been extended to July 15th.
- Tax payments and Q1 estimate payment due dates have been extended to July 15th. Q2 estimates are currently still due June 15th.
- Colorado has also extended filing and payments to July 15th.
- Updates on additional states can be found here.
- If you already filed and elected to have your 2019 federal tax payment withdrawn from your account, you can postpone the payment to the new deadline:
- Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
- Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
Colorado Unemployment – this is being enhanced to increase benefits and expand eligibility to include unemployed persons and independent contractors.
- If your business is temporarily closing or reducing hours to help stop the spread of COVID-19, advise your employees to file or reopen a claim for unemployment benefits as soon as possible. Workers can use the “job attached” option to indicate that they planning to return to the same job, which reduces the requirement for them to seek other employment while receiving benefits.
- Due to the unprecedented increase in claims, the Labor Department is implementing system updates to accommodate increased traffic.
- You should also consider alternatives to laying off staff through CDLE’s Work-Share Program. The State of Colorado is also working on efforts to match displaced workers with temporary jobs in industries where demand has increased for goods and services, such as logistics, delivery, healthcare, and groceries.
Department of Labor FAQ’s on Families First Coronavirus Response Act (paid sick and family leave)
HUD Notice – relief to homeowners with FHA-insured mortgages, halting eviction and foreclosure actions for 60 days (5/17/2020).
- If you can’t pay your mortgage, contact your lender and ask for relief.
- Relief will be in the form of a decrease in payment amount or pause of payments due.
- Relief will not reduce your mortgage balance.
Larimer County Court, EIGHTH JUDICIAL DISTRICT – postpones most non-criminal appearances through May 15, 2020
CDC Up-to-date Info
Larimer County COVID-19
United Way 2-1-1
Food Bank for Larimer County
Please, stay healthy, be kind to one another and let us know if you need or have any movie suggestions!