COVID-19 & Midland Trust Q&As

COVID-19 & Midland Trust Q&As

Q: Is Midland open?

A: Midland is fully operational and prepared to serve your needs. We are asking that clients do not visit our offices to help prevent the spread of COVID-19. We are available at (239) 333-1032 Monday – Thursday from 8:30 am – 5:00 pm EST and on Fridays from 8:30 am – 4:00 pm EST.

Q: When do I need to file my taxes?

A: The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

Q: What are the due dates for 2019 HSA and IRA payments normally due on April 15th?

A: On March 25th, the Treasury Department clarified that the deadline for making Individual Retirement Account and Health Savings Account contributions for the 2019 tax year has been extended to July 15, 2020.

Q: Will my 1031 Exchange deadlines change?

A: Yes, if your deadline falls between April 1 and July 15, 2020. The IRS has issued deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway.