The tax implications of the COVID-19 outbreak are far-reaching and continually evolving. We have created this page to be a resource for the latest federal tax information, resources and guidance.
We will continually update these pages with the latest information and resources available.
FEDERAL TAX ALERTS & RESOURCES
PPP Extension Act Signed Into Law; Schedule C Filers Have New Options
On March 30, 2021, President Biden signed the PPP Extension Act of 2021 into law. The Paycheck Protection Program, originally set to expire on March
IRS Extends Tax Filing Deadline to May 17; Taxpayers Still Need to Be Ready for April 15
Last updated: March 18, 2021 Lurie is closely following the latest Internal Revenue Service press release, stating that the Treasury Department and the IRS will
Congress Passes $1.9T American Rescue Plan; What’s New & What Changed
On March 10th, Congress passed the $1.9 trillion American Rescue Plan, the third major stimulus package – offering economic relief for taxpayers as the pandemic
HITRUST Vendor Management Process: Detailed Checklist for Large Enterprises
The checklist is the steps used to build out a mature vendor management process. This is the process used for by the large Healthcare and Financial institutions. Smaller institutions
The Employee Retention Credit Is Now Available to Businesses That Receive PPP Loans; Here’s How to Qualify
The Consolidated Appropriations Act (CAA), passed in December 2020, changes and updates to the prior economic relief legislation for COVID-19. The CAA clarifies and expands
Congress Passes $900B Stimulus; Here is a Summary of the COVID-19 Economic Relief Package
After long months of negotiations, Congress has agreed on a second stimulus package, currently under the Consolidated Appropriations Act of 2021. The full text of
FREQUENTLY ASKED QUESTIONS
The most up-to-date information about filing deadlines and payments is available here:
Notice 2020-23 provides that filing requirements due between April 1, 2020 through July 15, 2020 have until July 15, 2020 to file.
Notice 2020-23 provides that filing requirements and other time-sensitive items due between April 1, 2020 through July 15, 2020 have until July 15, 2020 to file.
Notice 2020-23 provides that filing requirements and other time-sensitive items due between April 1, 2020 through July 15, 2020 have until July 15, 2020 to file.
Notice 2020-23 provides that filing requirements and other time-sensitive items due between April 1, 2020 through July 15, 2020 have until July 15, 2020 to file.
The new due date will be 10/15
HSA and IRA contributions are extended to 7/15.
Disclaimer: Team Lurie is diligently reviewing the latest news, adding resources and supplying links to third party websites. These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by the Lurie LLP of any of the services of government agencies, organizations or businesses. Lurie LLP bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. Contact the external site for answers to questions regarding its content.
For Questions and Guidance on Federal Tax Alerts:
Matthew Brown
Partner, Tax Services
David Brauer
Partner, Tax Services
Julie Helms
Director, Specialty Tax Services
Michael Mondelli
Manager, Tax Services