The Newport Beach Tax Attorney Blog

In recent news, California Governor Gavin Newsom has announced that the California Department of Tax and Fee Administration (CDTFA) is allowing small businesses to defer payment of sales and use taxes of up to $50,000, for up to 12 months. This is in addition to the issuance on March 30, 2020, of the governor’s Executive Order that provides relief for small businesses on taxes and fees administered by the CDTFA.

Payment Plan Available for Small Businesses
Effective April 2, 2020, small business taxpayers can take a 12-month, interest-free, payment plan for up to $50,000 of sales and use tax liability. "Small business taxpayers" are those with less than $5 million in taxable annual sales.

Payment Plan Requests
Payment plan requests can be made through the CDTFA’s online services system at https://onlineservices.cdtfa.ca.gov/ in the coming months.
Wilson Tax Law Group endorses any tax relief efforts being sought to assist those communities, industries, businesses and individuals ne…

Effective March 30, 2020, the IRS issued an evacuation notice to all employees to “evacuate” from their worksite and perform work from their home during this pandemic. In doing so, the IRS invoked a provision in federal regulations that allows it to require telework-eligible employees to perform work from their home, regardless of whether they have a telework agreement in place at the time the evacuation notice is issued. According to the regulation, once that authority is invoked, employees may be assigned any work considered necessary or required to be performed during the period of evacuation, without regard to their grade, level or title.  Employees failure or refusal to perform assigned work may be subject to disciplinary action and could result in the termination of pay.

Although formal office operations are temporarily suspended, buildings will remain open and IRS space is accessible for activities such as processing mail, retrieving work materials, using office equipment, getti…

Wilson Tax Law Group
Newport Beach, CAFOR IMMEDIATE RELEASE

Monday, March 23, 2020

US District Court For Central District of California issued the following COVID-19 NOTICE:

The United States District Court for the Central District of California has activated its Continuity of Operations Plan (“COOP”), effective March 23, 2020 through and including May 1, 2020 necessary to ensure the continuous performance of essential functions and operations of the Court in light of the Coronavirus (COVID-19) pandemic.

The Court is taking the following actions to limit social interactions in its courthouses:

Access to the Courthouses

All of the Courthouses of the Central District of California will be closed to the public except for hearings on criminal duty matters, as indicated below.

All federal Pro Se Clinics in the district are closed.

Court Hearings

In civil cases, no hearings will go forward except for emergency time-sensitive matters, such as requests for temporary restraining orders and preliminary i…

The Internal Revenue Service has delayed the April 15 tax payment deadline until July 15 for most individuals and businesses to relieve some of the adverse economic impacts of the novel coronavirus pandemic, the agency said Wednesday.

People and pass-through businesses with tax liabilities of less than $1 million and corporations with tax bills of up to $10 million have three additional months to file their taxes, the Internal Revenue Service said in a notice. President Donald Trump’s declaration of a national emergency earlier this month gave the U.S. Department of the Treasury authority to delay the payment deadline under Internal Revenue Code Section 7508A , according to the notice.

The extension doesn’t apply to tax filing deadlines, the IRS said. Treasury Secretary Steven Mnuchin had announced the relief Tuesday as part of the federal government’s plans to grapple with the economic fallout from COVID-19, the disease caused by the virus.

If you or your business have a tax concern, co…

On March 12, the Governor of California declared tax relief that delays the deadline for state tax filing by 60 days for individuals and businesses unable to file on time based on compliance with public health requirements related to COVID-19 filings.

This relief follows the Governor's March 5th declaration of a State of Emergency to make additional resources available, formalize emergency actions already underway across multiple state agencies and departments, and help the state prepare for broader spread of COVID-19. (www.gov.ca.gov/wp-content/uploads/2020/03/3.4.20-Coronavirus-SOE-Proclamation.pdf)

The Governor's March 5th declaration states that employers statewide directly affected by the new coronavirus (COVID-19) may request up to a 60-day extension of time from the EDD to file their state payroll reports and/or deposit payroll taxes without penalty or interest. Written requests for extension must be received within 60 days of the original delinquent date of the payment o…

Reports have emerged that White House officials are considering deferring taxes for the cruise, travel and airline industries to stem the economic fallout from the outbreak. The tax deferrals for the travel industry are being considered as airlines cut back on routes and warn about declining ticket sales.
Hotel chains are struggling with vacancies in Asia and are bracing for similar waves in the United States. Business travel is falling, and trade shows, music festivals and conventions are being canceled from San Francisco to Chicago to Austin to Miami. Families and college students are reconsidering spring break excursions and distant summer plans.


Other countries have already enacted tax relief for their hardest-hit industries. On Sunday, Italy announced a tax credit for any company that has seen revenue decline by more than a quarter. That is on top of Italy’s announcement last month that companies and individuals in areas affected by the “epidemiological emergency” would be granted …