News & Analysis as of October 6, 2024

Deadlines

+ Follow

Read guidance, analysis, and updates on the myriad issues arising from the global response to the COVID-19 pandemic. Updated hourly every day, the insights published here are written by leading lawyers and law firms helping to make sense of insurance, employment, tax, securities, M&A, risk management, and every other consideration touched by this crisis. Follow the channel for a daily email brief of the latest and best updates. less -

IRS Reopens Employee Retention Tax Credit Voluntary Disclosure Program

Fox Rothschild LLP on 8/21/2024

The ERC is a legitimate, refundable tax credit designed to help businesses that continued to pay employees while they were shut down because of the COVID-19 pandemic or that experienced a significant decline in gross receipts...more

IRS Continues Aggressive Oversight and Enforcement of Employee Retention Credits

Womble Bond Dickinson on 3/7/2024

The Employee Retention Credit (ERC) is a refundable tax credit for businesses whose employees were impacted by the COVID-19 Pandemic. The provisions are set out in § 2301 of the CARES Act and § 3111 of the Internal Revenue...more

Does the Fun Ever Stop? COVID-19 Tolling Ends for COBRA Deadlines

Woods Rogers on 5/19/2023

On April 10, 2023, President Biden signed legislation to end the COVID-19 national emergency effective immediately, including ending the requirement to extend COBRA deadlines due to the COVID-19 pandemic. Plan administrators...more

Tolling No More: Preparing for the End of COVID-19 Emergency Declarations

Bass, Berry & Sims PLC on 3/8/2023

On January 30, President Biden announced his intention to end the COVID-19 National Emergency (NE) and Public Health Emergency (PHE) effective May 11, 2023. Both emergency declarations resulted in various forms of relief for...more

December 31, 2022, is 125 Plan Amendment Deadline for COVID-19 Special Rules

Pullman & Comley - Labor, Employment and... on 11/22/2022

Most employers allow employees covered by the employer-sponsored group health and welfare plans to pay their share of the cost through pre-tax payroll deductions. In order to do this the employer must maintain a written...more

IRS Extends Retirement Plan Amendment Deadlines

Bradley Arant Boult Cummings LLP on 8/5/2022

Under Notice 2022-33, the Internal Revenue Service (IRS) has extended the deadline for adopting amendments to qualified retirement plans and individual retirement accounts (IRAs) to reflect certain changes made by the Setting...more

Weekly IRS Roundup June 7 – June 11, 2021

McDermott Will & Emery on 6/15/2021

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of June 7, 2021 – June 11, 2021... June 7, 2021: The IRS issued a news release announcing it has...more

IRS Temporarily Permits E-signature of 83(b) Elections

Perkins Coie on 4/28/2021

On April 15, 2021, in response to the ongoing COVID-19 situation, the U.S. Internal Revenue Service (IRS) issued a temporary deviation from the handwritten signature requirement for a limited list of tax forms, including...more

Don’t Restart the Clock Just Yet – COBRA, HIPAA, Other Deadlines Might Be Further Extended!

Nelson Mullins Riley & Scarborough LLP on 3/4/2021

At the last minute, certain suspended COBRA, HIPAA and claims procedure deadlines that were set to expire on February 28, 2021 have been further extended. As we discussed last year the Department of Labor (DOL) and Internal...more

COVID-19 Deadline Extensions—No More Time Outs But No Single Deadline Either!!

Jackson Lewis P.C. on 3/1/2021

We recently provided an update on the looming end date for COBRA and other deadline extensions and the uncertainty that continues to add to the administrative burdens without more clarity from the DOL and IRS. Message...more

COVID-19 Deadline Extensions—Still Relevant To Plan Sponsors?

Jackson Lewis P.C. on 2/26/2021

In May of 2020, the Department of Labor (DOL) and Internal Revenue Service (IRS) released joint-agency guidance that extended several important deadlines for employees, including COBRA election and payment deadlines, HIPAA...more

Alabama Governor Issues Proclamation on Extending State Incentives and Exempting CARES Act Aid

Bradley Arant Boult Cummings LLP on 12/23/2020

In a welcomed move by the business community, Gov. Kay Ivey on Friday morning issued a proclamation that would exempt certain CARES Act benefits from Alabama income tax and would extend the sunset (expiration) date of two of...more

S.A.L.T. Select Developments – Tax Payment and Return Filing Responsibilities, Supplement #10

Baker Donelson on 10/1/2020

Health remains our first priority during this COVID-19 crisis. Please take precautions. We continue to monitor various state actions for purposes of understanding tax and tax return responsibilities during the pandemic. ...more

COVID-19 Impact for Health & Welfare Plans (Troutman Sanders and Pepper Hamilton COVID-19 Issues for Employers Podcast Series)

Troutman Pepper on 6/9/2020

Troutman Sanders and Pepper Hamilton are producing a series of podcasts to discuss employee benefits, executive compensation, and labor and employment issues that employers are confronting in light of the COVID-19 pandemic,...more

IRS Provides Much-Needed Opportunity Zone Relief

Lowndes on 6/8/2020

On June 4, the IRS provided some much-needed relief to opportunity zone investors and qualified opportunity funds (QOFs) in response to the ongoing COVID-19 pandemic. Specifically, the IRS published Notice 2020-39, which...more

IRS Extends Deadline for ITC and PTC Projects

McDermott Will & Emery on 5/31/2020

The IRS yesterday released anticipated guidance extending the placed-in-service deadline for the Investment Tax Credit (ITC) and Production Tax Credit (PTC). Under Notice 2020-41, the “Continuity Safe Harbor” was extended to...more

DOL Gives Extra Time to Plan Participants and Beneficiaries: Benefits Guidance in the Time of COVID-19

Epstein Becker & Green on 5/16/2020

Plan participants and their beneficiaries may now have extra time to exercise some of their rights under the employee benefit plans in which they participate. ...more

Coronavirus Recovery and Relief Guidance on Employee Benefit Plans

Jackson Walker on 5/14/2020

As employers start to think about asking their employees to return to work, in addition to all of the employment law issues, there are also employee benefit plan considerations. Employers need to consider all their benefit...more

IRS and DOL Extend Certain Health & Welfare Benefit Plan-Related Deadlines

Verrill on 5/13/2020

This post summarizes the health and welfare benefit plan-related deadline extensions described in IRS Notice 2020-23 issued April 9, 2020 and the DOL and Treasury Joint Notice issued April 28, 2020 (the “Joint Notice”). IRS...more

For Whom the Timing Tolls: The COVID-19 Outbreak Period Interrupts Benefit Plan Deadlines

Brownstein Hyatt Farber Schreck on 5/8/2020

New employee benefits guidance temporarily extends certain time frames and deadlines for participant actions and relieves some plan administration compliance obligations during the COVID-19 National Emergency (the “COVID-19...more

DOL Relaxes Deadlines for ERISA-Governed Group Health Plans

McDermott Will & Emery on 5/7/2020

The US Department of Labor, in conjunction with the Internal Revenue Service and US Department of the Treasury, issued guidance and deadline extensions applicable to ERISA-governed group health and welfare plans. The guidance...more

DOL & IRS Guidance Update During COVID Outbreak

Nelson Mullins Riley & Scarborough LLP on 5/4/2020

The Department of Labor (DOL) and Internal Revenue Service (IRS) issued guidance at the end of April intended to extend deadlines and recognize the difficulties of employee benefit plan compliance during the public health...more

COVID-19 Relief For 1031 Exchanges: Deadlines Moved To July 15, 2020

Tonkon Torp LLP on 4/15/2020

On April 9, the IRS released Notice 2020-23. The Notice pertains to Section 1031 like-kind exchanges to defer capital gains tax on the sale of real property. Under the Notice, the 45-day identification deadlines and 180-day...more

COVID-19: IRS Provides Additional Relief for Time-Sensitive Actions Relating to Employee Benefit Plans

Patterson Belknap Webb & Tyler LLP on 4/14/2020

Over the past few weeks, the Internal Revenue Service (“IRS”) has provided relief to taxpayers impacted by the COVID-19 pandemic, by extending the deadline for payment and filing of individual income tax returns from April...more

The IRS Extends the 45-Day and 180-Day Deadlines for Section 1031 Exchanges Initiated Before March 13, 2020 and the Deadline to...

Seyfarth Shaw LLP on 4/10/2020

On April 9, 2020, following issuance by the President of the United States of an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act on March 13, 2020, the Secretary of the U.S....more

30 Results

View per page

Page: of 2

Coronavirus/COVID-19 › Internal Revenue Service › Deadlines

"My best business intelligence, in one easy email…"