As businesses look to reopen and recover from the COVID-19 pandemic, they should be attentive to Oklahoma tax incentives previously awarded to them to ensure all requirements are met to continue to avail themselves of these...more
5/1/2020
/ Coronavirus/COVID-19 ,
Income Taxes ,
Investment Tax Credits ,
Property Tax ,
Sales Tax ,
State Taxes ,
Tax Deductions ,
Tax Exemptions ,
Tax Incentives ,
Tax Liability ,
Tax Refunds ,
Tax Returns
The Families First Coronavirus Response Act (Act) requires certain employers to provide employees who are affected by COVID-19 with paid sick leave or expanded family and medical leave. The Act also provides employers with...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, and, among other relief provisions, amends the Internal Revenue Code to provide relief to businesses and individuals....more
4/6/2020
/ CARES Act ,
Charitable Deductions ,
Coronavirus/COVID-19 ,
Federal Taxes ,
Income Taxes ,
Net Operating Losses ,
Retirement Funds ,
Tax Deductions ,
Tax Liability ,
Tax Relief ,
Tax Returns
Governor Kevin Stitt and State Auditor Cindy Byrd have requested that all county treasurers in the State of Oklahoma extend the ad valorem tax payment deadline until April 30, 2020. Governor Stitt and Auditor Byrd also...more
The Oklahoma ABLE Commission issued an advisory letter last week (updated 3/23/20) related to the closure order issued by Governor Kevin Stitt and local officials for on-premises retail establishments, such as bars and...more
The day after the Oklahoma Tax Commission followed the previous guidance issued by the Internal Revenue Service to allow taxpayers to defer income tax payments but not filing requirements, U.S. Treasury Secretary Steven...more
3/23/2020
/ Coronavirus/COVID-19 ,
Corporate Taxes ,
Deadlines ,
Filing Deadlines ,
Filing Requirements ,
Income Taxes ,
IRS ,
New Guidance ,
Relief Measures ,
Secretary of the Treasury ,
State Taxes ,
Tax Liability ,
Tax Returns ,
U.S. Treasury
The Oklahoma Tax Commission has followed the guidance issued by the Internal Revenue Service to allow individual taxpayers to defer up to $1 million of income tax payments due on April 15, 2020, until July 15, 2020, without...more