Tax Law News and Insights

As if business owners did not have enough to worry about in light of various deadlines of all types including when and whether to submit Paycheck Protection Program ("PPP") loan applications, how to account for the use of the funds, whether to return the PPP borrowed monies and when and...

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After previously extending the deadline for tax return filings and payments due April 15 to July 15, the IRS has announced that the July 15 deadline now generally applies to all taxpayers with a tax return filing or payment deadline due date between April 1 and July 15. A few...

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The IRS has issued Notice 2020-22 (see https://www.irs.gov/pub/irs-drop/n-20-22.pdf) to provide further guidance to employers seeking to obtain the relief of the refundable tax credits provided in both (i) the Families First Coronavirus Response Act (the "Families First Act") and (ii) the CARES Act. Families First Act Credits. The Families First Act...

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