True Partners Insights

Pillar Icon

Multi State Income and Franchise Insights

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

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

Washington Tax Insight March 2020

Politics and Congressional Activity The Senate completed the impeachment trial of President Trump with an acquittal, and the Senate has now moved on to its regular agenda for the year, which includes approval of funding for the federal government for FY 2021.  The Democratic caucuses and primaries are under way with Super Tuesday on March 3rd followed by other state primaries leading to the Democratic convention in July. Although typically […]

March 4, 2020