19 Mar COVID-19 Update: Pandemic Tax Payment Relief
COVID-19 Pandemic Tax Payment Relief
On March 18, 2020, the Treasury Department and the Internal Revenue Service released Notice 2020-17, which clarifies the tax payment relief related to the COVID-19 pandemic. According to the notice:
State Postpones Tax Deadlines Until July 15 Due to the COVID-19 Pandemic
Sacramento — The Franchise Tax Board (FTB) today announced updated special tax relief for all California taxpayers due to the COVID-19 pandemic.
FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for:
Business Interruption Claims & The COVID-19 Crisis
Many businesses around the world are experiencing revenue reductions and other financial implications associated with the coronavirus pandemic. If your business has business interruption insurance, you may be able to recover losses resulting from this public health crisis.