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 state tax information, resources and guidance.
We will continually update these pages with the latest information and resources available.
STATE TAX ALERTS
Minnesota’s New Tax Bill: What you need to know about unemployment compensation, PPP loan forgiveness, and more
Earlier this month, Minnesota tax code changes were signed into law with a focus on unemployment compensation, Paycheck Protection Program (PPP) loan forgiveness, and other
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
COVID-19 Relief Package Passed for Minnesota Small Businesses
Under new legislation the Minnesota Department of Revenue will send COVID-19 Business Relief Payments to eligible businesses under a $216 million economic relief package signed
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
Minnesota Small Business Relief Grants Program to Begin Accepting Applications on June 23
The Minnesota Department of Employment and Economic Development (DEED) has announced that the Minnesota Small Business Relief Grants Program – a $62.5 million COVID-19 aid
STATE RESOURCES
California Resources
Tax Relief: Filing Deadline Extension: On March 18th, California issued an executive order, further extending the filing and payment deadline to July 15th for 2019
COVID-19 Relief Package Passed for Minnesota Small Businesses
Under new legislation the Minnesota Department of Revenue will send COVID-19 Business Relief Payments to eligible businesses under a $216 million economic relief package signed
Florida Resources
Tax Relief: Gov. Ron DeSantis announced at a news conference on March 16th that Florida’s Department of Revenue will offer flexibility on the deadlines
Minnesota Resources
Tax Relief: Minnesota Sales and Use Tax Payment Extension: The Minnesota Department of Revenue on March 18th granted a 30-day extension for Sales and Use
Minnesota Small Business Emergency Loans
A loan program has been established to assist Minnesota-based businesses that were directly and adversely affected by the issuance of Executive Orders 20-04 and 20-08
Minnesota Small Business Relief Grants Program to Begin Accepting Applications on June 23
The Minnesota Department of Employment and Economic Development (DEED) has announced that the Minnesota Small Business Relief Grants Program – a $62.5 million COVID-19 aid
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 State Tax Alerts:
Matthew Brown
Partner, Tax Services
David Brauer
Partner, Tax Services
Julie Helms
Director, Specialty Tax Services
Michael Mondelli
Manager, Tax Services