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Washington Tax Insight April 2020

Politics and Congressional Activity The coronavirus pandemic has now taken over the agenda of the Congress and the Administration with efforts to deal with both the public health crisis and the economic crisis.  Prior to the crisis, 2020 looked to be a quiet year with respect to tax issues due to the November Presidential and Congressional elections.  Congress has now enacted three pieces of legislation aimed at addressing the health […]

April 3, 2020

Congressional Action on the COVID-19 Pandemic: The Coronavirus Aid, Relief, and Economic Security Act

Summary Congressional Action to Date In response to the COVID-19 crisis, government officials in Washington DC have taken a number of actions related to the economic effects of the crisis including legislation, regulatory action, and government agency action.  The immediate focus has been on immediate, “crisis-specific” proposals, but there will also be discussion of longer-term actions that will be necessary to deal with the economic consequences of the virus crisis. […]

March 26, 2020

California Extends Filing & Payment Deadlines to July 15th for Millions of Taxpayers; Waives Interest & Penalties

On March 19th, California Governor Gavin Newsom requested broad-based federal support to help address the immediate and devastating economic disruption the outbreak of the novel coronavirus (“COVID-19”) is having on Californians.  Acknowledging that California’s families were already struggling with a crisis in the cost of living due to a variety of ongoing factors, Governor Newsom implored Congress to provide “substantial economic intervention” to help middle-class families avoid failing into poverty.  […]

March 24, 2020