News & Analysis as of

Tax Returns Tax Deferral Income Taxes

Gerald Nowotny - Law Office of Gerald R....

Still the One! – The Use of Private Placement Life Insurance in Tax Planning for Trial Attorneys with Contingency Fee Income

In the Soundtrack of Our Lives, one of the songs that I still get to hear from time to time on Sirius XM, is “Still the One” which was recorded and released by the band Orleans in 1976. I was in the tenth grade just to be...more

Perkins Coie

Washington Capital Gains Tax: More Questions, Tentative Answers

Perkins Coie on

Nearly two years after being enacted by the state legislature, and one year after being struck down by a lower court, the Washington state capital gains tax has been reinstated as constitutional, and the first returns and...more

Rivkin Radler LLP

Selling Your Business? Take the Money But Defer the Tax?

Rivkin Radler LLP on

Sale of the Business- Imagine Client has just received an attractive, all cash offer for the sale of their business; there is no financing contingency. The buyer has proposed a cash-free and debt-free deal....more

Oberheiden P.C.

Can You Defer Taxes on Your Crypto Investments? Ten Tips for What You Need to Know

Oberheiden P.C. on

U.S. taxpayers have an obligation to both report their cryptocurrency transactions to the IRS and pay taxes on it. Individuals who hold on to their cryptocurrencies as an investment are subject to short- and long-term capital...more

Bowditch & Dewey

2020 End of Year Tax Planning for Businesses

Bowditch & Dewey on

As the 2020 year draws to a close, businesses should review the tax-related provisions adopted in the CARES Act and related IRS guidance with their tax advisers: EMPLOYER REFUNDABLE CREDIT AND PAYROLL TAX DEFERRAL: -...more

Ballard Spahr LLP

Updated: State Tax Relief Available Due to COVID-19 Crisis

Ballard Spahr LLP on

This alert summarizes (in alphabetical order by state) several types of state and local tax relief available as of April 14, 2020, in states where our offices are located and in selected other states....more

McDermott Will & Schulte

COVID-19 State Tax Relief for Illinois | Quarterly Estimated State Income Tax Payments Still Due 4/15/20

Illinois has announced the following tax-related relief measures related to COVID-19. Taxpayers who file quarterly estimated returns should note that unlike the federal government, Illinois has not extended the April 15, 2020...more

McDermott Will & Schulte

IRS Significantly Expands COVID-19 Tax Deferral Relief

On March 20, 2020, the Internal Revenue Service expanded its relief for taxpayers in light of the Coronavirus (COVID-19) pandemic. All federal income tax payments and federal income tax returns that were due April 15, 2020,...more

Amundsen Davis LLC

Tax Filing Update

Amundsen Davis LLC on

On March 20, 2020, Treasury Secretary Steven Mnuchin tweeted that this year’s income tax return filing deadline is extended from April 15, 2020 to July 15, 2020. President Trump reiterated the filing extension in a press...more

Foster Garvey PC

Positive Tax News Keeps Rolling In – Treasury Provides Expanded Tax Relief With Notice 2020-18

Foster Garvey PC on

Thursday, March 19th, I reported that the U.S. Department of the Treasury (“Treasury”) issued Notice 2020-17, extending the due date for payment of federal income taxes from April 15, 2020 to July 15, 2020, because of the...more

Pillsbury Winthrop Shaw Pittman LLP

COVID-19: IRS and States Extend Tax Deadlines

UPDATE: On Friday morning, March 20, Treasury Secretary Mnuchin tweeted: “At [President Trump’s] direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file...more

Foster Garvey PC

Treasury Delivers Some Good News in a Time When Good News Is Rare

Foster Garvey PC on

On March 13, 2020, President Trump issued an emergency declaration, which in part instructed the U.S. Department of the Treasury (“Treasury”) to provide taxpayers with “relief from tax deadlines” due to the impact of the...more

Smith Debnam Narron Drake Saintsing & Myers,...

IRS Clarifies Relief From April 15th Tax Payment Deadline

On Tuesday, Treasury Secretary Steven Mnuchin announced that the federal income tax payment deadline would be extended to July 15th, 2020, for amounts up to $1 million for individual taxpayers and $10 million for corporate...more

Snell & Wilmer

Payment Deadline Extended

Snell & Wilmer on

In response to the COVID-19 pandemic, IRS Notice 2020-17 (the “Notice”) postpones to July 15, 2020, the due date for making a Federal income tax payment otherwise due on April 15, 2020. This relief is available for...more

A&O Shearman

IRS Issues Guidance Regarding Extension of Tax Payment Deadline

A&O Shearman on

On March 18, 2020, the IRS issued Notice 2020-17 announcing the extension of the due date for the payment of federal income taxes due April 15, 2020 until July 15, 2020, with no interest, penalties or additions to tax...more

15 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide