Corona Virus Tax Updates

  1. IRS Newsroom
     

  2. News Releases & Statements:
    • March 31, 2020: Employee Retention Credit available for many businesses financially impacted by COVID-19
    • March 30, 2020: Economic impact payments: What you need to know
    • March 25, 2020: IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program
    • March 24, 2020: IRS Operations During COVID-19: Mission-critical functions continue
    • March 21, 2020: Tax Day now July 15 – Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed
    • March 20, 2020: Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
    • March 20, 2020: The IRS has temporarily closed all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country
    • March 18, 2020: Treasury News Release – Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak
    • March 11, 2020: High-deductible health plans can cover coronavirus costs

     

  3. Guidance:
    • Notice 2020-17 (PDF), Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
    • Notice 2020-15 (PDF), High deductible health plans and expenses related to COVID-19
    • Notice 2020-57 (PDF), Refundable Payroll Tax Credits
    • Filing, Payment & Actions Deadlines for 2019 Tax Returns
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    Families First Coronavirus Response Act