Firm Insights

CARES Act: Summary of Provisions Supporting America’s Health Care System

By Drew H. Westbrook / April 11, 2020 / Comments Off on CARES Act: Summary of Provisions Supporting America’s Health Care System

On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The $2 trillion response to the coronavirus pandemic includes significant funding for a health care system under pressure from a surge of patients requiring intensive care, a shortage of equipment to treat those patients and…

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Changes During COVID-19: Gift Tax Return and Payment of Tax Postponed but Additional Tax Postponements and Clarifications Requested

By Lisa M. Adams / April 7, 2020 / Comments Off on Changes During COVID-19: Gift Tax Return and Payment of Tax Postponed but Additional Tax Postponements and Clarifications Requested

On March 18, 2020, in response to the COVID-19 pandemic, the Treasury Department (“Treasury”)  and the IRS issued Notice 2020-18 extending the due date for filing income tax returns and making income tax payments to July 15, 2020 from April 15, 2020. ACTEC Seeks Postponement for Filing Estate, Gift, and Exempt Organization Returns In response…

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Families First Coronavirus Response Act Leave: Department of Labor Issues Temporary Regulations

By Traci Dale Pupillo / April 7, 2020 / Comments Off on Families First Coronavirus Response Act Leave: Department of Labor Issues Temporary Regulations

On April 1, 2020, the Department of Labor (DOL) issued temporary regulations to implement public health emergency leave under Title I of the Family and Medical Leave Act (FMLA), and emergency paid sick leave for COVID-19 related reasons. Both types of leave were created by the Families First Coronavirus Response Act (FFCRA) and apply to…

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