Coronavirus Resources 2020

We offer this page to focus on steps to help taxpayers, businesses and others affected by the Coronavirus. We will update as new “official”  information becomes available, so please check back when you are able.  We’re here as a resource for NY Enrolled Agents and the taxpayers we serve.

Click on the links below 

From the IRS

IR-2020-95 IRS Provides Tax Relief through Increased Flexibility for Taxpayers in Section 125 Cafeteria Plans – May 12, 2020

Notice 2020-32 provides guidance regarding the deductibility for Federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan pursuant to the Paycheck Protection Program under section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)).  – April 30, 2020

IR-2020-85  Economic Impact Payments continue to be sent, check irs.gov for answers to common questions – April 30, 2020

IR-2020-83 Use IRS Non-Filers: Enter Payment Information tool to get Economic Income Payment; many low-income, homeless qualify – April 28, 2020

Filing and Payment Deadline Questions and Answers      NOTE: These FAQs supersede earlier FAQs that were posted on March 24, 2020, following the publication of Notice 2020-18.  These FAQs incorporate the expanded relief provided by Notice 2020-23 that was published on April 9, 2020. – April 23, 2020

How to Use the Tools on IRS.gov to get your Economic Impact Payment – April 17, 2020 (from the IRS Stakeholder Liaison)

Economic Impact Payments – Taxpayers Can Update their Address and Banking Information – April 14, 2020

Treasury, IRS Launch New Tool to Help Non-Filers Register for Economic Impact Payments: IR-2020-69 – April 10, 2020

IRS Extends More Tax Deadlines:  IR-2020-66 – April 9, 2020

IRS Urges Taxpayers to Use Electronic Options; Outlines Online Assistance:  IR-2020-68 – April 9, 2020

Paycheck Protection Program (PPP) Frequently Asked Questions (FAQs)as of April 6, 2020

The CARES Act – full text of the final bill – passed and signed March 27, 2020

IR-2020-59, IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program

IR-2020-57, Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave

IRS Establishes a Special Coronavirus Webpage

 

From New York State Department of Taxation and Finance

N-20-3: Temporary Authorization to Use Digital Signatures on Certain Documents Due to the Coronavirus – April 14, 2020

N-20-2:  Announcement Regarding Relief from Certain Filing and Payment Deadlines due to the Novel Coronavirus, COVID 19

NYSDTF Response to Novel Coronavirus (COVID-19) – including information on cancelling and rescheduling payments

New Paid Leave for COVID-19 (from NYS)

NYS Special Webpage for the Coronavirus – Updated regularly

NYS Department of Labor:  Unemployment Insurance – What You Need to Know and Do about the CARES Act

NYS Unemployment Benefits Information – Benefits Enhance by The CARES Act (March 27, 2020)

 

Other Resources

Stimulus Check:  How Much?  When? and Other Questions Answered (Kiplinger 3/26/20)

FAQ on Stimulus Checks, Unemployment and the Coronavirus Plan (NY Times, March 28, 2020)

Stimulus Check Calculator

BEST PRACTICES: Coronavirus Response Toolkit (U.S. Chamber of Commerce)

Special NAEA COVID-19 Information and Updates (for NAEA members only, log-in required)

U.S. Department of Labor – Coronavirus Resources for Workers and Employers

Centers for Disease Control and Prevention:  What You Need to Know about the Coronavirus (COVID-19)