Insights

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.

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).

The nation waited anxiously to see what the legislative response to the coronavirus would be and even the most optimistic observers were not disappointed.

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.

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.

By Benjamin Beskovic, CPA, Partner, Christopher Johnson, JD, MBA, CPA, Senior Manager, JP Kavanaugh, CPA, Manager, and Kerry Buscaglia, CPA, […]

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:

On April 9, 2020, the Federal Reserve announced actions to assist employers of all sizes.

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.

The PKF O’Connor Davies not-for-profit, tax and advisory leadership team conducted a live webcast focusing on the relief and other […]

Now that the club is closed, and most activities have halted, private clubs are focused on navigating the next few months.

This Alert provides information on a temporary change to the Internal Revenue Service (IRS) procedures concerning processing of required forms relative to the assessment and collection of taxes.