To assist our clients with critical issues, our Tax Group has prepared an ongoing series of Memos, Podcasts and Webinars. Topics include CARES Act amendments to employment leave and tax provisions, guidance on new unemployment provisions by the Department of Labor and considerations for businesses looking to make use of the Federal Reserve’s additional financial facilities and expansions.
Partner Contacts: Nicolas Bourtin, Catherine M. Clarkin, Jared M. Fishman, Julia M. Jordan, Marc Treviño and Benjamin H. Weiner
RECENT CLIENT GUIDANCEUPDATE: U.S. Department of Treasury, IRS, and DOL Announce Plan to Implement Paid Leave and Tax Credit Provisions of the Families First Coronavirus Response Act
April 22, 2020 – On March 27, 2020, nine days after its enactment, the Families First Coronavirus Response Act (the “FFCRA”) was amended in part by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the third emergency federal legislation adopted in response to COVID-19.
Our memorandum to clients covering how the CARES Act amended the leave and tax provisions of the FFCRA is available here.
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Week of March 30, 2020March 30, 2020 – Coronavirus Aid, Relief, and Economic Security (CARES) Act—Business Tax Provisions: CARES Act Provides Tax Relief to Businesses (Memo)
Week of March 23, 2020March 27, 2020 – Using Rights Plans to Preserve Net Operating Losses (Memo)
March 25, 2020 – ALERT - IRS Publishes FAQs Related to the Income Tax Return Filing and Payment Relief (Alert)
Week of March 16, 2020
March 19, 2020 – Due Date to Make Certain Federal Tax Payments Extended to July 15, 2020 (Memo)