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
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
Teleworking and the Impact on State and Local Taxes
With the COVID-19 pandemic continuing, many people are still working from home or telecommuting; raising question as to what effect this indefinite change to location
The IRS Issues Guidance on the Executive Action Deferring Payroll Taxes
On August 28, the IRS issued Notice 2020-65 that provides limited explanation of how employers can defer withholding and remitting an employee’s share of Social
There Is Still Time to Reverse Your 2020 Required Minimum Distribution Under the CARES Act, Action Required by August 31
IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year have until August 31 to rollover or repay
IRS Backlog Causing Incorrect Late Payment Notices. If You Receive One, Here is What To Do Next
Due to COVID-19, the Internal Revenue Service (IRS) closed offices and reduced staffing levels. As a result, it appears the IRS is behind on processing
Could Your Strategic Response to COVID-19 Result in Tax Savings?
The economic and social impact of COVID-19 has changed life as we know it – and how businesses operate. From how, where, and what you
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