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One of the effects of COVID-19 is that it has become more difficult for businesses to pay their obligations.  One such obligation is the payment of taxes, including employment taxes. In response to COVID-19, with the enactment of the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act, the Federal […]

COVID-19 has had an adverse financial effect on many of our lives.  One such negative impact is that COVID-19 has made it more difficult for taxpayers to meet their tax obligations, including concerning estimated tax payments. Fortunately, certain relief has been issued, helping taxpayers with their estimated tax payment obligations. IRS Defers Estimated Tax Payments […]

To address the COVID-19 crisis, the Families First Coronavirus Response Act (the “FFCRA”) was approved by Congress and then signed into law on March 18, 2020 by President Trump. The FFCRA includes the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act, which require that certain employers provide certain employees […]

The mandatory closings and other restrictions imposed by governments from COVID-19 have adversely affected many businesses.  One such adverse effect is that businesses may be unable to pay their employment taxes. What can businesses do if they cannot pay their employment taxes because of COVID-19? The passage by Congress of the Coronavirus Aid, Relief, and […]

It is a huge burden at any time for a business to be subject to a tax audit.  This burden is only increased during COVID-19 when even routine tasks can become arduous, and in some cases, based on government restrictions, even impossible, for businesses to complete. What should a business do if it cannot access […]

In response to the adverse economic consequences caused by COVID-19, Congress and President Trump have agreed on legislation helping taxpayers. One such legislation, signed into law on March 27, 2020, is the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). What important tax provisions in the CARES Act affect individual taxpayers? Stimulus Checks […]

It is never an easy situation when you cannot pay outstanding tax liabilities.  This problem has become even more significant for many taxpayers because of the adverse economic consequences caused by COVID-19. The need to settle outstanding tax liabilities can apply to state tax liabilities, as well as Federal tax liabilities. What actions can taxpayers […]

When you have a dispute with your state over an amount of state tax liability that you owe, it is known as a state tax controversy matter.  State tax controversy matters in each state are subject to specific procedures. In many states, these procedures for state tax controversy matters have been revised because of COVID-19. […]

To help taxpayers with the negative economic consequences caused by COVID-19, Congress and President Trump have agreed on certain tax legislation, including the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020. Net operating loss provisions can enable businesses to better utilize losses for tax purposes, by […]

In response to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was approved by Congress and then signed into law on March 27, 2020 by President Trump.  The CARES Act offers various tax benefits to business taxpayers to help them better respond to the adverse economic impact caused by […]