On March 25, 2020, following the onset of the COVID-19 pandemic, the IRS unveiled its People First Initiative to provide wide-ranging compliance relief to taxpayers experiencing hardships relating to the health crisis. This relief includes issues ranging from postponing certain payments related to Installment Agreements and Offers-in-Compromise to collection and limiting certain enforcement actions. The
COVID-19
U.S. Tax Court to Begin Accepting Hand Deliveries on July 10
Following up our post earlier today that the Tax Court will resume receiving mail on July 10, 2020, the Tax Court has issued another announcement regarding its operations. Also beginning on July 10, the Clerk’s Office will accept hand-delivered documents between the hours of 8:00 AM and 4:30 PM, Monday through Friday.
Please check out…
Tax Court Announces Resumption of Mail Delivery
Due to the COVID-19 pandemic, operations of the United States Tax Court have been severely impacted. The Tax Court’s building in Washington, D.C. has been closed since March 19, 2020, all trial sessions have been cancelled through the end of June, and all Tax Court employees, including judges, have been working remotely.
Due to the…
Protecting Your Organization Against Paycheck Protection Program Qui Tam Actions
Our colleague Jana Volante Walshak has published an article addressing the steps that businesses can take now to protect themselves against qui tam actions related to the CARES Act Paycheck Protection Program. Many organizations may have thought the “hard part” was over when they received loans under the Paycheck Protection Program. In reality, the hard…
Fox Rothschild’s Securities Industry Group Members Oksana Wright and Charles DeMonaco Publish Article on Corporate Compliance Measures During the COVID-19 Crisis
Our colleagues Oksana Wright and Charles DeMonaco have published an article in Corporate Compliance Insights discussing management and corporate compliance measures for companies to prioritize during the uncertainty posed by COVID-19 pandemic. You can read their article here.
Please check out Fox Rothschild’s coronavirus resource page, which is available here.
For more up-to-date…
IRS Grants Financial Institutions Temporary Reprieve from FATCA Obligations Due to COVID-19
In response to the COVID-19 pandemic, the IRS has granted foreign financial institutions a number of extensions on Foreign Account Tax Compliance Act reporting obligations due in 2020.
First, the IRS granted any foreign financial institution with a FATCA compliance certification deadline of July 1, 2020, an automatic extension to December 15, 2020. See FAQ…
IRS Provides Critical Guidance on How to Obtain Tax Levy and Lien Releases Due to COVID-19 Hardships
The Internal Revenue Service has published two Frequently Asked Questions about how taxpayers can seek release of tax levies and federal tax liens due to hardship circumstances caused by the COVID-19 pandemic. The FAQs can be found at the bottom of the IRS web page entitled “IRS Operations During COVID-19: Mission-critical functions continue,” which is…
Price Gouging Laws Triggered by States of Emergency Pose Risks for National and Local Retailers
Fox Rothschild attorneys Marissa Koblitz Kingman and Joseph A. DeMaria have published a client alert addressing the risks that state price gouging laws pose to retailers during states of emergency. You can read their alert here.
Please check out Fox Rothschild’s coronavirus resource page, which is available here.
For more up-to-date coverage from …
Upcoming Webinar: Federal Tax Enforcement in the Age of COVID-19
On Tuesday, April 21, 2020, at 9:30 a.m. ET, Fox Rothschild partner Matthew D. Lee will present a webinar entitled “Federal Tax Enforcement in the Age of COVID-19.” The COVID-19 pandemic and the President’s declaration of a national emergency has upended the Internal Revenue Service’s enforcement agenda in a dramatic way, both in the short…
Fox Rothschild’s White Collar Practice Group Forms COVID-19 Compassionate Release Task Force
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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