In response to the unprecedented public health crisis unfolding across the country, Fox Rothschild’s White-Collar Criminal Defense & Regulatory Compliance Group has assembled a COVID-19 Compassionate Release Task Force to assist with compassionate release cases of non-violent offenders in jails and prisons throughout the United States.
Close quarters, lack of access to appropriate health care
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The declaration of a national emergency can trigger insider trading inquiries focused on the owners of a stock portfolio, 401(k) plan or brokerage account if they sold before or after the emergency was declared.
Fox Rothschild’s Securities Industry Practice presents an informative session on how to respond when confronted with questions from investigators and an…
Providing additional relief to taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service has extended a wide array of key tax deadlines for individuals and businesses to July 15, 2020. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April…
Our colleague Marissa Koblitz Kingman has authored a client alert addressing efforts by New Jersey Attorney General Gurbir Grewal to vigorously enforce the state’s price gouging law during the COVID-19 pandemic. Price gouging violations are punishable by up to a $10,000 fine for the first violation and $20,000 for the second and subsequent violations. Businesses…
In response to the COVID-19 pandemic, the Internal Revenue Service has agreed to extend many deadlines. One such extension affords foreign financial institutions more time to file Form 8966. Form 8966 is the annual reporting form used by foreign financial institutions to disclose to the IRS the identities of their U.S. customers as required by…
The Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most individuals. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.…
Our colleagues Susan Foreman Jordan and Adam Grenker have published a client alert addressing various provisions in the recently-passed CARES Act which may afford financial relief to individuals with respect to their IRAs and retirement plan accumulations. You can read their alert here.
Please check out Fox Rothschild’s coronavirus resource page, which is available …
The Federal News Network is reporting that the due to the coronavirus pandemic, the IRS issued an evacuation notice Friday afternoon directing that nearly all of its employees work from home on mandatory telework starting Monday, March 30. Only employees performing “mission-critical duties” will be permitted to come into the office. Access to IRS offices…
As a follow-up to its announcement that the April 15 income tax filing deadline is extended to July 15, the Internal Revenue Service has created a series of Frequently Asked Questions to address common questions that may arise from taxpayers and tax professionals. The categories addressed by these FAQs are the following:
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As a follow-up to its prior announcement that the April 15 income tax filing deadline is extended to July 15 due to the COVID-19 pandemic, the Treasury Department has announced a similar extension of the filing deadline for any individual who has to file a federal gift tax or generation-skipping transfer tax return by April…
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