Coronavirus Tax Insights

Overview of the tax provisions contained in the CAREs Act.

In a continually updated document, EisnerAmper subject matter experts are sharing summaries of the CARES Act.

On March 31, 2020, the Small Business Administration (SBA) released documents related to the Payroll Protection Plan (PPP).

The CARES Act addresses the devastating impact of the coronavirus (COVID-19) pandemic. One of its many tax provisions is an employee retention credit, designed to encourage employers to keep employees on their payrolls despite the economic hardship r…

EisnerAmper's webinar discussed COVID-19 and the update on the federal stimulus package including eligibility requirements and the application process for the Small Business Administration (SBA), Economic Injury Disaster Loans (EIDL) and the CARES Ac…

Certain private and nonprofit entities are offering resources to help companies overcome the unprecedented challenges they may face. Here are some private and nonprofit organizations providing coronavirus-related assistance.

EisnerAmper provides some federal and state resources that are providing coronavirus-related assistance.

The People First Initiative provides temporary changes to various IRS activities beginning on or about April 1, 2020, through (initially) July 15, 2020. While some activities are currently suspended, others will move forward in a modified fashion to…

The CARES Act may have significant financial statement impacts as early as the first quarter of 2020. The legislation includes changes to the net operating loss and interest expense limitation rules. Both of these changes could cause some companies t…

IRS Notice 2020-18 provided federal income tax return filing and payment relief in response to the COVID-19 pandemic. On March 24, as part of clarification efforts, the IRS released a series of FAQs.

Legislators are working feverishly to finalize a $2.2 trillion federal stimulus package—the Coronavirus Aid, Relief and Economic Security (CARES) Act H.R. 3458—designed to help employees and businesses weather the devastating economic impacts of COVI…

Multinational enterprises are likely to see increased scrutiny by tax authorities in post COVID-19 years. Tax authorities will focus on reviewing transfer pricing policies and outcomes for historical tax years affected by COVID-19 and try to disting…

Due to the Covid-19 crisis, the IRS and a number of states have issued new filing and payment dates. Data sources are State Departments of Revenues or Governor’s website and is complete and accurate to the best of our knowledge.  However, given the e…

Under IRC Sec. 7701, foreign individuals who come to the U.S. for business, medical visits or tourism who are unable to return to their home countries may become U.S. tax residents by virtue of the number of days spent in the U.S. The coronavirus pan…

The IRS has announced it is indeed extending the April 15 tax filing deadline: For any “person” with a federal income tax payment or a federal income tax return due April 15, 2020, the due date for filing and making such payments is automatically pos…

The Families First Coronavirus Response Act one of many pieces of legislation that will address the various impacts of the COVID-19 pandemic, includes provisions that will ease the burden of the issues stemming from the COVID-19 pandemic as well as p…

A conversation regarding how health care companies are working to develop a COVID-19 vaccine, the process, challenges they face including supply chain, and other related issues.

A quick look at the suddenly growing practice of telehealth and its potential tax ramifications.

Secretary of the Treasury Mnuchin announced the IRS has released Notice 2020-17 (“Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic”), providing tax relief for taxpayers with a federal income tax payment due April 15, 2020.

Federal and state governments are developing potential aid programs for real estate owners and operators affected by disruptions resulting from this virus. Evaluate upcoming financial obligations and plan for the potential impact to your operations.…

A brief notice on the economic stimulus plan announced by the Trump Administration and the parameters for individuals and corporations.