Tax Credits and IRS & NYS Department of Taxation Updates

UPDATED 4/2/2020

       

Information on Tax Credits and IRS & New York State Department of Taxation Updates

Summary of Tax Credits

Tax credits for employers paying employees Emergency Paid Leave or Paid Sick Leave under the Families First Coronavirus Act.

Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave

Details on Corona virus- related paid leave and associated tax credits.

Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

The IRS officially extended the deadline for filing of tax returns due April 15, 2020 to July 15, 2020. See details here.

State Tax Filing Guidance for Corona virus Planning

Guidance for filing state returns with the extended deadline.

IRS Direct Pay with Bank Account

Details on how to directly link your bank account to the IRS for faster payment.

New York State Agrees to Waive Fines for Businesses that Miss Sales Tax Deadline

Missed the March 20, 2020 sales tax deadline? See details on why you won’t be receiving a fine from New York State.

IRS: High-deductible health plans can cover coronavirus costs

Details on how you can use your high-deductible health plan to cover Coronavirus related costs

IRS unveils new People First Initiative

The IRS is offering various programs to ease the burden on taxpayers amidst the Coronavirus Pandemic.

IRS Filling and Payment Deadlines

Questions & answers related to filing and payment deadlines.

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