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Welcome!

Are you looking for a friendly CPA with over 40 years of experience? We are welcoming new clients. Our firm is small, but we are very technologically oriented. We are a close-knit, fun group that believes in providing excellent customer service.

Please browse our website to see the various services we offer as well as the many helpful resources we provide. To learn more about what we can do for you, we encourage you to contact us. We can also be reached at 785-742-2531 or by email at Jim@jtscpa.com.

Be sure to follow us on our Facebook page, James T. Scherer, CPAs.

 

Important Information Regarding COVID-19

AUTOMATIC EXTENSIONS OF FILING DEADLINES
INCLUDES ALL INCOME TAX FILINGS
FILING DEADLINE
& BALANCE DUE
1ST ESTIMATED TAX 2ND ESTIMATED TAX
FEDERAL 7/15/2020 7/15/2020 7/15/2020
ARIZONA 7/15/2020 4/15/2020 6/15/2020
COLORADO 7/15/2020 7/15/2020 7/15/2020
HAWAII 7/20/2020 4/20/2020 6/22/2020
IOWA 7/31/2020 4/15/2020 6/15/2020
ILLINOIS 7/15/2020 4/15/2020 6/15/2020
INDIANA 7/15/2020 7/15/2020 6/15/2020
KANSAS 7/15/2020 7/15/2020 6/15/2020
     ANNUAL REPORTS 7/15/2020 N/A N/A
MISSOURI 7/15/2020 7/15/2020 6/15/2020
     KANSAS CITY, MO 7/15/2020 N/A N/A
NEBRASKA 7/15/2020 7/15/2020 6/15/2020
NEW JERSEY 7/15/2020 4/15/2020 6/15/2020
NEW MEXICO 7/15/2020 7/15/2020 6/15/2020
PENNSYLVANIA 7/15/2020 7/15/2020 7/15/2020
SOUTH CAROLINA 7/15/2020 7/15/2020 6/15/2020
TENNESSEE 7/15/2020 7/15/2020 6/15/2020
UPDATED 4/10/2020 3:45 PM
We have included the states that impact our current clients.
For additional information and updates, please visit your State’s official website.

2020 ECONOMIC INCOME PAYMENTS

  • $1,200 for individuals or $2,400 for married couples
    • Adjusted gross income up to:
      • $75,000 single, married filing separately, other
      • $112,500 head of household
      • $150,000 married filing jointly
    • Payment is reduced by $5 for each $100 above the threshold up to:
      • $99,000 single, married filing separately, other
      • $146,500 head of household
      • $198,000 married filing jointly
  • $500 for each qualifying child under age 17
  • Payments are expected to start going out mid to late April
    • The IRS will review 2019 returns and calculate payments
      • Payments will be direct deposited based on tax return information
      • The IRS will be setting up a web-based portal to submit information for those who have not utilized direct deposit on their returns
    • If you haven’t filed for 2019, the IRS will use your 2018 tax return
    • If you are a Social Security beneficiary who does not typically file a tax return, you will NOT need to file a return to receive your payment
      • Payments will be sent via the same method as your Social Security benefits
  • The payments are an advance credit from your 2020 tax return
    • If you do not receive a payment now, you may qualify for the credit when you file your 2020 tax return
    • If you receive a payment now and do not qualify when your 2020 return is filed, you will NOT be required to return the excess amount.

For more information and updates, please visit https://www.irs.gov/coronavirus.


Click here for additional information regarding COVID-19.