COVID-19 Tax-Related News and Updates

Last Updated March 25, 2020

From CalCPA: Federal and State Agency Updates Regarding Coronavirus: https://www.calcpa.org/sitecore/content/Sites/Public/home/government-relations/advocacy/federal-and-state-agency-updates-regarding-coronavirus

Federal News

IRS Newsroom: https://www.irs.gov/newsroom

IRS Coronavirus Tax Relief: https://www.irs.gov/coronavirus

IRS announcement regarding “Tax Day” is now July 15: https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed

Senate Bill Information

[Information Coming Soon]

Senate Releases Updated Economic Relief Plan (CARES Act) for Individuals and Businesses (taxfoundationorg): https://taxfoundation.org/cares-act-senate-coronavirus-bill-economic-relief-plan/

Technical explanation of the CARES Act tax credits ( Download pdf from The Joint Committee on Taxation): https://www.jct.gov/publications.html?func=startdown&id=5251

California News

California Coronavirus (COVID-19) Response page: https://covid19.ca.gov/

California Stay Home Order page (includes links to the Executive Order and Essential Critical Infrastructure Workers explantaion): https://covid19.ca.gov/stay-home-except-for-essential-needs/

Disclaimer: The links above are provided for informational purposes only and are not to be considered as tax, legal, or accounting advice. Consult your own tax, legal and accounting representative before engaging in any transaction. See our website disclaimer here.

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