News & Analysis as of September 18, 2024

State of Emergency

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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 -

How a Remote Workforce Changes State and Local Tax Requirements

Bowditch & Dewey on 5/26/2021

Governor Baker announced on Monday, May 17 that Massachusetts will end the COVID-19 state of emergency on June 15, 2021. Given this news, the Massachusetts Pandemic-related Temporary withholding tax rules will expire...more

Update on Revised DOR Income Tax Pandemic Regulations for Telecommuters

Bowditch & Dewey on 3/26/2021

On March 5, 2021, the Massachusetts Department of Revenue (DOR) codified final regulations to extend Massachusetts income tax withholding to non-residents formerly commuting to Massachusetts but now telecommuting due to the...more

Maine Governor Announces COVID-19 Tax Guidance

Pierce Atwood LLP on 10/20/2020

On October 16, 2020, Maine Governor Janet Mills issued a press release addressing several COVID-19-related tax issues, and Maine Revenue Services today issued guidance providing further details....more

IRS Extends Additional Filing Deadlines

Butler Snow LLP on 4/14/2020

On April 9, 2020, the IRS issued Notice 2020-23 (the “Notice”) to provide additional extensions of certain tax filing deadlines, which Notice supplements Notice 2020-18 and Notice 2020-20. The IRS previously issued Notice...more

The IRS Extends Filing and Payment Obligations for Most Taxpayers and Performance of Certain Taxpayer Time-Sensitive Actions Until...

Seyfarth Shaw LLP on 4/13/2020

On April 9, 2020, the Secretary of the U.S. Department of Treasury (the “Secretary”) and the Internal Revenue Service (the “IRS”) issued Notice 2020-23 (the “Notice”), which extends the deadline for performance of a long list...more

State and Local Tax Considerations in Light of COVID-19

Skadden, Arps, Slate, Meagher & Flom LLP on 4/8/2020

The first order of business for many state tax authorities in response to COVID-19 was deciding whether to extend their respective income tax filing and payment deadlines for the 2019 tax year, either automatically by...more

IRS Notice 2020-18 Automatically Extends Deadline to File and Pay Income Taxes to July 15, 2020

Payne & Fears on 4/4/2020

On March 21, 2020, the Treasury Department and the Internal Revenue Service issued Notice 2020-18, which announced that the federal income tax filing and payment due date is automatically extended from April 15, 2020, to July...more

State Business and Personal Income Tax Relief in Response to COVID-19

Bracewell LLP on 4/2/2020

The Treasury Department and the Internal Revenue Service offered relief from federal tax return filing and tax payment deadlines to certain taxpayers under Notices 2020-17 and -18. Such federal extension of time to file l...more

Important Tax Updates – COVID-19 Edition (Updated)

Greenberg Glusker LLP on 4/1/2020

Over the last few weeks, various taxing authorities have issued guidance alleviating several of the annual upcoming deadlines and provided additional useful tax planning information. The guidance is changing almost daily, and...more

New York State Tax Deadline Extended to July 15

Gibney Anthony & Flaherty, LLP on 3/30/2020

New York State has extended the deadline for personal income tax and corporation tax returns from April 15, 2020 to July 15, 2020. This is in keeping with the federal tax deadline which was extended to July 15. This extension...more

IRS Provides COVID-19 Related Filing and Payment Relief

Conn Kavanaugh on 3/26/2020

March 24, 2020 As COVID-19 has been disrupting our personal and professional lives, the April 15 tax deadline continued to loom on the horizon. In welcome news for many, on Friday, Treasury Secretary Steven Mnuchin announced,...more

90 Days of Relief on Federal Income Tax Filings and Payments

Rivkin Radler LLP on 3/25/2020

As part of the federal government’s continued efforts to minimize the economic disruptions caused by the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin on March 20, 2020, announced that the April 15th deadline...more

Tax Day Moved From April 15 to July 15 - Tax

Lowenstein Sandler LLP on 3/24/2020

Secretary of the Treasury Steven Mnuchin tweeted on Friday that “Tax Day [is moving] from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or...more

Important Tax Updates – COVID-19 Edition

Greenberg Glusker LLP on 3/24/2020

Updated as of March 23, 2020 at 11:30 a.m. On Friday, March 20, 2020, the IRS released updated guidance, confirming Secretary Mnuchin’s statements from earlier in the day that the April 15, 2020, federal income tax filing...more

Tax Due Dates for Filing and Payment – Current Status

Tucker Arensberg, P.C. on 3/24/2020

After a series of statement, tweets, and Notices, the IRS is granting a reprieve that applies to all taxpayers who have income tax returns due on April 15, 2020, which will now be due on July 15, 2020. This includes...more

Extensions for Tax Returns and Payments

Woods Rogers on 3/24/2020

Federal Income Taxes Pursuant to the President’s emergency declaration, the Treasury Department and the IRS issued Notice 2020-18. The due date for filing Federal income tax returns and making Federal income tax payments due...more

Virginia Announces Payment Extension and Penalty Waiver for Corporate and Individual Income...

Williams Mullen on 3/23/2020

In response to disruptions to Virginia taxpayers caused by the COVID-19 crisis, the Virginia Department of Taxation (the “Department”) has extended the deadline for Virginia taxpayers to pay their income taxes. This relief...more

Tax Relief in Response to the COVID-19 Outbreak

Farella Braun + Martel LLP on 3/22/2020

Updated on 3/26/20 - In order to combat the adverse economic effects in which many individuals and businesses are experiencing as a result of the COVID-19 outbreak, the federal government and the State of California will...more

Due Date for Filing Federal Income Tax Returns and Making Federal Income Tax Payments Deferred Until July 15, 2020

Seyfarth Shaw LLP on 3/21/2020

Seyfarth Synopsis: To provide relief to taxpayers affected by the 2019 Novel Coronavirus disease (“COVID-19”), the U.S. Treasury Department and Internal Revenue Service postponed the April 15, 2020 due date for filing federal...more

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