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Income Taxes › Infectious Diseases

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Lowndes

Good News: IRS Grants $1.2 Billion in Penalty Relief for Taxpayers Impacted by Covid-19

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The senior living industry was hit hard by the Covid-19, and the IRS recently announced relief for people or businesses who filed their 2019 or 2020 tax returns late as a result. If your business was subject to failure to...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report – Legislative Day 1, 2022

Nelson Mullins Riley & Scarborough LLP on

With many legislators rushing to appointments in Indianapolis, the first day of the 2022 Georgia Legislative Session concluded as quickly as it began–but not before Glory, Glory rang through the hallways as jarringly as the...more

Littler

New Jersey Quietly Rolls Back Temporary Suspension of Employer Withholding Rules for Teleworking Employees

Littler on

Effective October 1, 2021, the New Jersey Division of Taxation (the “NJDT”) ended the temporary relief period with regard to employers’ obligation to withhold income taxes for teleworking employees who work in New Jersey.1 ...more

Blank Rome LLP

Connecticut Paves the COVID High Road

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Recently, Connecticut enacted legislation providing that having an employee telecommuting from Connecticut will not create a taxable presence (i.e., nexus) in the state for the employer. H.B. 6516, Gen. Assemb., Jan. Sess.,...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, March 2021 # 13

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In Washington: The Internal Revenue Service (IRS) is planning to extend the tax-filing deadline to mid-May, according to two top House Democrats. A news release Wednesday from House Ways and Means Committee Chairman Richard...more

Lowndes

IRS Extends Tax Day to May 17

Lowndes on

The Internal Revenue Service provided individual taxpayers with a nice St. Patrick’s Day surprise by announcing that the tax deadline for individuals had automatically been extended from April 15, 2021 to May 17, 2021....more

Hogan Lovells

Coronavirus: The Hill and the Headlines, February 2021 # 16

Hogan Lovells on

In Washington: The House Budget Committee approved legislation for a $1.9 trillion coronavirus relief package on Monday evening, with a full House vote is expected at the end of this week. So far, House Democrats expect a...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, February 2021 # 11

Hogan Lovells on

In Washington: President Biden will join leaders of the Group of Seven (G-7) nations this Friday for a virtual summit focused on the global response to COVID-19, the White House said Sunday. Other discussions at the summit...more

Cozen O'Connor

Top 5 Tips for Managing Remote Employees

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The COVID-19 pandemic has forced many companies to switch to a remote workforce. This rapid shift has reshaped the landscape of the American workforce, and will likely have far-reaching consequences. Although for many...more

Proskauer Rose LLP

UK Tax Round Up - May 2020

Proskauer Rose LLP on

UK COVID-19 developments - Proposed deferral of DAC6 and DAC2 - The European Commission has published a draft directive proposing a three month delay to the deadlines for certain information disclosures under the EU...more

Faegre Drinker Biddle & Reath LLP

Tax Filing Updates Due to COVID-19 Outbreak

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Federal Tax Filing - Income Tax Return Filing - In response to the effects of COVID-19, the Internal Revenue Service (IRS) announced that the filing and payment dates for federal income tax returns will be extended from...more

A&O Shearman

Covid-19 coronavirus: A cross-jurisdictional update on the impact Covid-19 is having on tax regulations

A&O Shearman on

Various support measures have been implemented by global tax authorities to protect vulnerable businesses and individuals. The measures are primarily concerned with deferring existing and upcoming tax liabilities, so as to...more

McGuireWoods LLP

British Government Announces £350 Billion Aid Package for UK Businesses

McGuireWoods LLP on

To soften the economic impact of the COVID-19 pandemic, the British government has announced that a £350 billion package of loans and grants will be available to British businesses. These measures are being taken to divert a...more

Cooley LLP

Alert: Highlights of Chinese Government’s Policies in Light of COVID-19

Cooley LLP on

Since the outbreak of the coronavirus disease (COVID-19), the China central government has issued policies and guidelines in various aspects to help enterprises and individuals during the epidemic. Following the central...more

Clark Hill PLC

COVID-19 Leads to 90-Day Extension to Pay Taxes

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This newsletter was updated March 19 to reflect new information released by the IRS. The IRS has now released IRS Notice 2020-17 which clarifies some issues concerning the 90-day extension discussed in our previous alert...more

Maynard Nexsen

As with Everything, COVID-19 is Impacting Federal Taxation

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Updated 3/22/2020 As expected, the IRS issued Notice 2020-18 late Friday night formally extended the filing due date for income tax returns normally due on April 15, 2020 to July 15, 2020 to match the 90-day postponement of...more

Kilpatrick

IRS Provides 90-Day Federal Income Tax Payment Relief Due to COVID-19

Kilpatrick on

On March 18, 2020, the IRS issued Notice 2020-17 which extends the due date for payment of certain federal income taxes otherwise due on April 15, 2020, to July 15, 2020. ...more

Blake, Cassels & Graydon LLP

Government of Canada Announces COVID-19 Economic Response

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The Government of Canada has announced a sweeping package of relief and liquidity support for Canadian businesses in response to the COVID-19 pandemic. A number of details regarding implementation remain outstanding. While...more

BakerHostetler

COVID-19 – Federal and State Tax Updates

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Q – Filing of Federal Tax Returns: Must C corporation and individual U.S. federal income tax returns or extensions for the 2019 calendar year be filed by the April 15, 2020, due date?...more

Kelley Drye & Warren LLP

90-Day Tax Extension Announced by Secretary of the Treasury Steven Mnuchin on March 17, 2020 Does Not Extend Tax Filing Deadline...

Kelley Drye & Warren LLP on

On March 17, 2020, Secretary of the Treasury Steven Mnuchin announced a 90-day extension for certain tax payments. On March 18, 2020, the U.S. Department of the Treasury issued Notice 2020-17, which clarified the scope of the...more

Dickinson Wright

Treasury Secretary Announces Extension of Time to Make Tax Payments

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In response to the COVID-19 pandemic, on March 17, 2020, Treasury Secretary Steven Mnuchin stated at a press conference that individuals and corporations may delay certain tax payments without interest and penalties. ...more

Morgan Lewis - ML Benefits

COVID-19 Relief Recommendations for the IRS

Morgan Lewis - ML Benefits on

Morgan Lewis recently submitted a comprehensive list of IRS relief recommendations to the head of the IRS Office of Chief Counsel....more

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