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New SBA Payroll Protection Program under the CARES Act

Dean Mead Attorney Denise D. Dell-Powell
Published: April 2nd, 2020

By: Denise D. Dell-Powell

Relief for Small Business and Non-Profits A well-known part of the CARES Act is the Payroll Protection Program (PPP), which establishes a new SBA loan that can be forgiven if done properly.  Generally, businesses with less than 500 employees are eligible, also certain businesses with less than 500 employees per location – no collateral or […]

It’s Official! (Part II) – Tax Day For Gift Tax Returns is Now July 15, 2020

Published: March 27th, 2020

By: Brad Gould

Today, the IRS released Notice 2020-20 amplifying the relief provided in Notice 2020-18 by postponing to July 15, 2020 the due day to file a Form 709 (United States Gift and Generation-Skipping Transfer Tax Return) or pay Federal gift tax or generation-skipping transfer tax that was due on April 15, 2020.  This brings conformity to […]

Congress Passes Coronavirus Stimulus Bill

Late last night the Senate passed the Coronavirus Aid, Relief, and Economic Security Act (CARES).  The House of Representatives is scheduled to pass CARES tomorrow and the President has publicly stated he will sign it.  CARES will be the second stimulus package from the federal government addressing economic impact wrought by the coronavirus (COVID-19) pandemic. […]

Florida Department of Revenue Emergency Orders Regarding Sales and Property Tax: March 26, 2020

Dean Mead Attorney French Brown
Published: March 26th, 2020

By: H. French Brown, IV

Today, the Department of Revenue Executive Director Jim Zingale issued two emergency orders related to sales & use tax and property taxes.    Sales and Use Tax – Emergency Order # 20-52-DOR-002 This order only applies to: sales and use tax, tourist development tax, new tire fees, rental car surcharge, prepaid wireless E-911 fee, lead […]

It’s Official! Tax Day is Now July 15, 2020

Published: March 21st, 2020

By: Brad Gould Jane Dunlap Callahan

This evening, the IRS released Notice 2020-18, confirming Treasury Secretary Mnuchin’s earlier tweet that the April 15 due date to file Federal tax returns and pay the related income tax is extended until July 15, 2020. The due date to pay all Federal income taxes due for 2019 and for the first quarter of 2020 […]

Treasury Secretary Announces Delay in 2019 Tax Filing Due Date to July 15, 2020

Published: March 20th, 2020

By: Brad Gould Jane Dunlap Callahan

Today, Treasury Secretary Mnuchin tweeted that the April 15 due date to file Federal tax returns is extended until July 15, 2020.  Earlier this week, the IRS issued Notice 2020-17 which deferred the payment of Federal income tax of up to $1 million for individuals and $10 million for corporations until July 15, 2020.  An […]

Payment Due Date for 2019 Tax Payments Delayed for 90 Days Due to Coronavirus Interruptions

Published: March 18th, 2020

By: Brad Gould Jane Dunlap Callahan

Yesterday, we discussed Secretary Mnuchin’s announcement that the April 15, 2020 income tax payment deadline for 2019 taxes has been pushed back by 90 days for taxpayers, but with a limit on the benefit.  Today, the IRS provided the full details in Notice 2020-17. The notice provides that individuals may defer up to $1 million […]

Payment Due Date for 2019 Tax Payments Extended for 90 Days Due to Coronavirus Interruptions

Published: March 17th, 2020

By: Jane Dunlap Callahan

The April 15 tax payment deadline for 2019 taxes has been pushed back by 90 days, Treasury Secretary Steven Mnuchin announced at a press conference today.  Individuals may extend the due date to pay up to $1 million of tax liability and corporations may extend the due date to pay up to $10 million of […]