Articles
Economic Impact Payments for Non-Filers
Under the Economic Impact Payment stimulus, taxpayers who filed tax returns for either 2018 or 2019 tax years will receive a payment up to $1,200 for individuals or $2,400 for married couples.
New Jersey Finally Updates Guidance on Tax Deadline Extensions; New York City Does Not
This article is part of a continuing series updating our clients regarding the effects on state tax filings due to COVID-19.
The CARES Act – Five Ways Businesses Can Receive Cash Right Now
The spread of the coronavirus has forced governments across the globe to enact far-reaching stimulus measures in an attempt to blunt the unfolding economic slowdown.
IRS Issues Guidance on Refunds for NOL and AMT Carrybacks
n a previous Thought Leadership article (see CARES Act – Income Tax Refund Opportunities for Corporations), we analyzed two provisions contained in the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748).
Are Hedge Fund Managers Eligible for CARES Act Benefits?
The nation waited anxiously to see what the legislative response to the coronavirus would be and even the most optimistic observers were not disappointed.
Extension of Due Dates for Private Foundations
On April 9, 2020, the Department of Treasury and the Internal Revenue Service issued Notice 2020-23 updating Notice 2020-18-Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic which automatically postponed filing federal income tax returns and making federal income tax payments to July 15, 2020.
IRS Extends Returns and Payments to July 15th
The IRS has released Notice 2020-23, extending return and payment due dates between April 1, 2020 and July 15, 2020 to July 15, 2020.
Impact of CARES Act on Partnerships
By Benjamin Beskovic, CPA, Partner, Christopher Johnson, JD, MBA, CPA, Senior Manager, JP Kavanaugh, CPA, Manager, and Kerry Buscaglia, CPA, […]
Treasury Announces Filing Extensions for Exempt Organizations
In a Press Release (IR-2020-66), issued on April 9, 2020, the U.S. Treasury Department, Office of Public Affairs, announced relief for tax-exempt organizations as follows:
Federal Reserve Announces Main Street Lending Program
On April 9, 2020, the Federal Reserve announced actions to assist employers of all sizes.
CARES Act ‒ Income Tax Refund Opportunities for Corporations
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) was signed into law on March 27, 2020 with the intention of providing liquidity to individual workers and businesses as the country battles the medical and economic effects of the current COVID-19 pandemic.
Webcast Recap: CARES Act Support for Non-Profits: Tax Relief, Loans and Charitable Giving Incentives
The PKF O’Connor Davies not-for-profit, tax and advisory leadership team conducted a live webcast focusing on the relief and other […]