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CORONAVIRUS INFORMATION

CARES ActWHO Situation Reports  |  CDC Situation Reports  |  United Way  |  COVID Resources  |  SBA Disaster Loans


CLICK HERE FOR UPDATES ON LOCAL BUSINESSES (HOURS, OPERATIONAL CHANGES, ETC.)


CARES ACT EXPLANATION


BRAZOS VALLEY COMMUNITY RELIEF FUND


·     Small Business Owner's Guide to the CARES Act(summary of the act)


·     Updated CARES Act and COVID-19 Summary

·     

BREWER EYEINGTON PATOUT COVID-19 Tax Impact LIVE Chat and Q&A - Thursday 4/2/20 at 3pm


SBA DISASTER RELIEF DAILY WEBINARS WEEK OF 3/23 to 3/27


FEDS PASS AND SIGN THE FAMILIES FIRST CORONAVIRUS ACT


TAXPAYER RELIEF- TAX PAYMENT EXTENDED UNTIL JULY 15, 2020


FIRST GRIMES COUNTY VIRUS CASE REPORTED (KBTX)


LOCAL EVENT CANCELLATIONS AND POSTPONEMENTS


3/13 to 3/31 Bernhardt Winery Events CANCELLED

3/17 Navasota Ed Foundation Mtg CANCELLED

3/17 Two Rivers History Mixer CANCELLED

3/18 Coffee with the Chamber CANCELLED

3/21 7D Ranch Crawfish Boil CANCELLED

3/24 Two RIvers History Mixer CANCELLED

3/27 Ribbon Cutting for Misc Etc. CANCELLED

4/3 Ribbon Cutting for T&S RV & Sport POSTPONED

4/3 to 4/4 Noon Lions Club Plant Sale CANCELLED

4/5  7D Ranch Easter Egg Hunt CANCELLED

4/11 Groovy Grapes Wine Walk POSTPONED

4/25 Plantersville Crawfish Festival CANCELLED

5/16 to 5/18  The Navasota Theatre Alliance will be delaying their production of Marjorie Prime until May 16, 17, and 18.



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TAX RELIEF

Part III - Administrative, Procedural, and Miscellaneous

Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic

Notice 2020-17

I.          PURPOSE

On March 13, 2020, the President of the United States issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic (Emergency Declaration).  The Emergency Declaration instructed the Secretary of the Treasury “to provide relief from tax deadlines to Americans who have been adversely affected by the COVID-19 emergency, as appropriate, pursuant to 26 U.S.C. 7508A(a).”  Pursuant to the Emergency Declaration, this notice provides relief under section 7508A(a) of the Internal Revenue Code for the persons described in section III of this notice that the Secretary of the Treasury has determined to be affected by the COVID-19 emergency.

II.         BACKGROUND

Section 7508A provides the Secretary of the Treasury or his delegate (Secretary) with authority to postpone the time for performing certain acts under the internal revenue laws for a taxpayer determined by the Secretary to be affected by a Federally declared disaster as defined in section 165(i)(5)(A).  Pursuant to section 7508A(a), a period of up to one year may be disregarded in determining whether the performance of certain acts is timely under the internal revenue laws.

III.        GRANT OF RELIEF

The Secretary has determined that any person with a Federal income tax payment due April 15, 2020, is affected by the COVID-19 emergency for purposes of the relief described in this section III (Affected Taxpayer).

For an Affected Taxpayer, the due date for making Federal income tax payments due April 15, 2020, in an aggregate amount up to the Applicable Postponed Payment Amount, is postponed to July 15, 2020.  The Applicable Postponed Payment Amount is up to $10,000,000 for each consolidated group (as defined in §1.1502-1) or for each C corporation that does not join in filing a consolidated return.  For all other Affected Taxpayers, the Applicable Postponed Payment Amount is up to $1,000,000 regardless of filing status.  For example, the Applicable Postponed Payment Amount is the same for a single individual and for married individuals filing a joint return.  In both instances the Applicable Postponed Payment Amount is up to $1,000,000.

The relief provided in this section III is available solely with respect to Federal income tax payments (including payments of tax on self-employment income) due on April 15, 2020, in respect of an Affected Taxpayer’s 2019 taxable year, and Federal estimated income tax payments (including payments of tax on self-employment income) due on April 15, 2020, for an Affected Taxpayer’s 2020 taxable year.  The Applicable Postponed Payment Amounts described in this section III include, in the aggregate, all payments described in the preceding sentence due on April 15, 2020 for such Affected Taxpayers.

No extension is provided in this notice for the payment or deposit of any other type of Federal tax, or for the filing of any tax return or information return.

As a result of the postponement of the due date for making Federal income tax payments up to the Applicable Postponed Payment Amount from April 15, 2020, to July 15, 2020, the period beginning on April 15, 2020, and ending on July 15, 2020, will be disregarded in the calculation of any interest, penalty, or addition to tax for failure to pay the Federal income taxes postponed by this notice.  Interest, penalties, and additions to tax with respect to such postponed Federal income tax payments will begin to accrue on July 16, 2020.  In addition, interest, penalties and additions to tax will accrue, without any suspension or deferral, on the amount of any Federal income tax payments in excess of the Applicable Postponed Payment Amount due but not paid by an Affected Taxpayer on April 15, 2020.

Affected Taxpayers subject to penalties or additions to tax despite the relief granted by this section III may seek reasonable cause relief under section 6651 for a failure to pay tax or seek a waiver to a penalty under section 6654 for a failure by an individual or certain trusts and estates to pay estimated income tax, as applicable.  Similar relief with respect to estimated tax payments is not available for corporate taxpayers or tax-exempt organizations under section 6655.

IV.       DRAFTING INFORMATION

The principal author of this notice is Jennifer Auchterlonie of the Office of Associate Chief Counsel, Procedure and Administration.  For further information regarding this notice, you may call (202) 317-3400 (not a toll-free call).


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Business Updates (Alpha order)


Cafe M. Bloomers - Call in orders for pickup or curbside delivery.

Classic Rock -- - Call in orders for pickup, delivery or curbside delivery.  E-gift cards are available online.

McDonalds -- Drive through is available.

Misc. Etc. -- Storefront is closed for now.

Muddy Water Bookstore -- is OPEN for business.

Off the Map Boutique -- Storefront is closed for now; Purchases through their online store. 

One Stop Cleaners -- is OPEN for business.

P. Nemir Department Store -- Storefront is closed for now; Purchases through their online store. 





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SBA Disaster Recovery -- Daily Webinars week of 3/23 to 3/27




The SBA Houston District Office will provide the latest information from SBA to help small businesses with their economic recovery from the effects of the Coronavirus. They will give information on how to apply and where you can get additional help with preparing and applying for an SBA Economic Injury Disaster Loan.

The information presented on all calls will be the same. Please join at the date and time best for you. There is no registration required for these webinars. Simply click the link or paste it into your browser at the time you choose to attend.

 

Daily Webinars | March 23 - 27

9am

Join Zoom Meeting

https://score.zoom.us/j/401014156

Meeting ID: 401 014 156

 Join mobile +1 346 248 7799 US (Houston)

Meeting ID: 401 014 156

11am - (Spanish/Español)

Join Zoom Meeting

https://score.zoom.us/j/953359546

Meeting ID: 953 359 546

Join mobile +1 346 248 7799 US (Houston)

Meeting ID: 953 359 546

1pm

Join Zoom Meeting

https://score.zoom.us/j/358760584

Meeting ID: 358 760 584

 Join mobile

+1 346 248 7799 US (Houston)

Meeting ID: 358 760 584

3pm

Join Zoom Meeting

https://score.zoom.us/j/293099534

Meeting ID: 293 099 534

 Join mobile

+1 346 248 7799 US (Houston)

Meeting ID: 293 099 534



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Brazos Valley Community Relief Fund


The Brazos Valley COVID-19 Community Relief Fund's goal is to provide funds for measures such as food, rent and utility relief for residents along with small business relief as the community follows social distancing and isolation measures to curb the spread of the illness within the community. 

Small businesses will be able apply for payroll assistance programs with these funds to help keep workers employed. Grant funding will also be available for community nonprofits that provide services for residents needing food, rent and utility assistance, among others.  

Applications for the first funding cycle will open on Wednesday, Mar. 25 at 5 p.m. and close Friday, Mar. 27, at 5pm. Applications will continue to be accepted until all funds have been dispersed.

Applications will be posted at uwbv.org/covid19 



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Navasota Grimes County Chamber
117 S. La Salle, Navasota, Texas 77868
Ph. 936-825-6600