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Applying for Small Business Administration Loan Programs

April 2020
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COVID-19 State Tax Due Date Relief

April 2020
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IRS Postpones Gift Tax Return Due Date to July 15, 2020

March 2020 March 30, 2020 - As noted in a previous WP Tax Alert, the IRS issued Notice 2020-18 that postponed the due date for tax filings and payments originally due on April 15, 2020 to July 15, 2020.
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IRS Sets April 1, 2020 Effective Date for Employment Tax Credit Rules

March 2020 March 30, 2020 - Congress recently passed the “Families First Coronavirus Response Act” (“FFCRA”, Act”) that requires certain employers with less than 500 employees to provide COVID-19 related sick and family leave to their employees. 
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Senate Passes $2 Trillion Coronavirus Economic Stimulus Package

March 2020 March 27, 2020 - On March 25, 2020, the United States Senate unanimously passed the “Coronavirus Aid, Relief, and Economic Security” Act (“CARES”, “Act”).
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IRS Issues Additional Guidance on Payroll Tax Credits

March 2020 March 25, 2020 - Last week, Congress passed the “Families First Coronavirus Relief Act” (“Act”) that requires certain employers with less than 500 employees to provide COVID-19 related sick and family leave to their employees
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IRS Issues Additional Guidance on Postponement of April 15 Deadline

March 2020 March 25, 2020 - Last week, the IRS issued Notice 2020-18 that postponed the date for filing Federal income tax returns and paying Federal income taxes due on April 15, 2020.
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IRS Extends April 15 Filing Deadline

March 2020 On March 20, the IRS issued Notice 2020-18 that postpones the April 15, 2020 filing deadline to July 15, 2020. 
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Tax Credits in Coronavirus Relief Act for Employer Sick and Family Leave Benefits

March 2020 March 20, 2020 - On March 16, the U.S. House of Representatives passed H.R. 6201, the “Families First Coronavirus Response Act” (“FFCRA”, “Act”) following a series of technical corrections from the original version of the bill that was overwhelmingly passed on March 14.
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IRS Adds Six Additional Compliance Campaigns

August 2019 Since shifting its audit strategy to issue-based examinations in January 2017, the IRS Large Business and International (LB&I) division has announced 59 separate compliance campaigns. Recently, the LB&I division announced the addition of six new additional compliance campaigns.
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IRS Revises Procedures for Obtaining Employer Identification Numbers

April 2019 As part of its ongoing security review, the Internal Revenue Service announced last week that it is implementing new procedures that will allow only certain individual taxpayers qualifying as the "responsible party" to request Employer Identification Numbers (EIN) for a legal entity.
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