The COVID-19 relief bill clarifies that “no deduction shall be denied, no tax attribute shall be reduced, and no basis increase shall be denied, by reason of the exclusion from gross income provided” by Section 1106 of the CARES Act (which has been redesignated as Section 7A of the ...
Ordinarily, employees must work at least 1,250 hours and at least 12 consecutive months to be eligible for FMLA leave. Public Health Emergency Leave coverage is more expansive. Employees who have been employed for at least 30 days are eligible...
has been advised by a health care provider to self-quarantine due to concerns related to COVID-19; • Caring for their child whose school or place of care has been closed, or whose child care provider is unavailable, due to COVID-19 precautions; or • Experiencing any other substantiall...
Tax Deadline Relief Federal The April 15 filing deadline for federal income tax returns has been extended to July 15, 2020. All individual and other non-corporate tax filers are allowed to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15...
In response to the COVID-19 crisis, governments worldwide have been formulating and implementing different strategies to mitigate its social and economic i
A bipartisan Covid relief bill issued Monday would pay extra benefits and help prevent potential catastrophe for some self-employed workers, among other things.
View More Self-Study Courses COVID-19 Effects on Tax Planning for 2020 (and Beyond) (Currently Unavailable) There have been several tax changes in 2020 with stimulus packages and massive financial relief bills passed to counter the economic impacts of the COVID-19 pandemic. Now businesses an...
interview, and industry. We find that across racial minority groups, the hours lost by the self-employed were substantive during the pandemic, signaling that Brazilian policymakers should pay greater attention to the relief funds allocated to and policies geared towards self-employed racial minorities....
The reason you cannot claim for equipment like desks, chairs, etc., is that expenses you incur in connection with your job have to meet a test to qualify for tax relief. This test is that the expense is incurred ‘wholly, exclusively and necessarily in the performance of your duties’. ...
Senate voted unanimously (96-0) to pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act as an attempt to stabilize the U.S. economy disruptions in the wake of the COVID-19 pandemic. The CARES Act aims to boost the economy with over $2 trillion in tax and non-tax ...