Author: Brian Gore

Attention employers/employees currently telecommuting due to COVID-19

Massachusetts Department of Revenue has promulgated an emergency regulation and issued a Technical Information Release addressing personal income tax/withholding requirements, sales/use tax nexus, corporate excise tax nexus and apportionment, and Massachusetts Family and Medical Leave issues related to employees currently telecommuting due to the COVID-19 pandemic. Overview: On March 10, 2020, Massachusetts Governor Charlie Baker

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Taxpayers in direct debit installment agreements with IRS must take action to suspend monthly payments due between April 1 and July 15, 2020, pursuant to the People First Initiative

Overview: On March 25, 2020, the Internal Revenue Service (IRS) unveiled the People First Initiative, which provides taxpayers with various relief as a result of the difficulties experienced from COVID-19. As part of the People First Initiative, IRS suspended installment agreement payments due between April 1 and July 15, 2020, for taxpayers that are unable

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Recent IRS announcements aimed at providing taxpayer relief in response to COVID-19 could create a late-filing penalty trap for Form 3520 filers

Overview: Generally, a U.S. person’s Form 3520 is due on the 15th day of the 4th month following the end of such person’s tax year for income tax purposes, which, for individuals, is April 15 (note, exceptions exist for U.S. persons living/working outside of the U.S. and Puerto Rico, and U.S. persons in the armed

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IRS Unveils New People First Initiative in Response to COVID-19

IRS unveils new People First Initiative in response to COVID-19. Relief includes suspension of existing Installment Agreement payments and involuntary collection action for certain taxpayers, in addition to providing other taxpayer-friendly provisions. Overview: To help people facing the challenges presented by COVID-19, the Internal Revenue Service (IRS) announced a series of steps to assist taxpayers by

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IRS Issues Automatic Postponement of April 15, 2020 Deadline to File Federal Income Tax Returns and Make Federal Income Tax Payments Until July 15, 2020

IRS issues automatic postponement of April 15, 2020 deadline to file Federal income tax returns and make Federal income tax payments until July 15, 2020. FAQs also provided by IRS to further clarify the provisions. Overview: In response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency, the Department of the Treasury (DOT) and the Internal Revenue

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