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:

  • Eligibility for Relief

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

Following the lead of the Internal Revenue Service, the Pennsylvania Department of Revenue announced yesterday that the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This means taxpayers will have an additional 90 days to file from the original deadline of April 15. The