Firm Insights

Coronavirus Aid, Relief, and Economic Security (“CARES”) Act: Payroll Tax Implications

By Laura E. Krebs Al-Shathir / March 30, 2020 / Comments Off on Coronavirus Aid, Relief, and Economic Security (“CARES”) Act: Payroll Tax Implications

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act includes two very important payroll tax provisions: an Employer Payroll Tax Delay and an Employee Retention Payroll Tax Credit. Employer Payroll Tax Deferral What it is: For the remainder of the year, employers may elect to defer the employer’s portion of social security taxes, effectively 6.2%…

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From COVFEFE to COVID: The Knucklehead Trademark Saga Continues

By Michael A. Kahn / March 28, 2020 / Comments Off on From COVFEFE to COVID: The Knucklehead Trademark Saga Continues

Back in July of 2017, I posted a piece entitled “Trademark Tales: Covfefe® Really?” My focus was on the increasing trend in which opportunistic knuckleheads believe that they can lock down exclusive rights in a word or phrase that has suddenly gone viral—a belief contrary to basic principles of trademark law. The Story of COVFEFE…

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People First Initiative: IRS to Provide Additional Relief to Taxpayers in Response to COVID-19

By Tyler Thomas / March 27, 2020 / Comments Off on People First Initiative: IRS to Provide Additional Relief to Taxpayers in Response to COVID-19

On Wednesday March 25, 2020, the IRS announced a new initiative focused on temporary relief for taxpayers with past due tax obligations, as well as those who are under audit or have matters pending before the IRS Office of Appeals. IRS Commissioner Chuck Rettig stated, “[The IRS] is temporarily adjusting its processes to help people and…

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