IRS Tax Filing Deadline 2020

The Internal Revenue Service recently issued Notice 2020-18 on March 23, 2020, announcing that no 2020 federal tax returns for the tax year 2019 are required to be filed until July 15, 2020.  No tax payments in any amount are due until July 15, 2020.  Interest and penalties will only begin to run if payment is not made on or before July 15, 2020.  These rules apply across the board to individuals, trusts, estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Continue reading “IRS Tax Filing Deadline 2020”

Families First Coronavirus Response Act

On March 18, 2020, Congress and the President enacted the Families First Coronavirus Response Act, effective as of April 2, 2020 until December 31, 2020.  The Act has multiple parts and obligates certain employers to provide additional paid sick leave and paid leave pursuant to the Family Medical Leave Act (“FMLA”) to any employees who are unable to work for reasons related to the coronavirus (COVID-19) pandemic.  This leave time is above and beyond employers’ existing sick leave policies. Continue reading “Families First Coronavirus Response Act”

What Happens to Student Loan Debt after You Die or Become Disabled?

If you die or become disabled unexpectedly while carrying student loan debt, it becomes even more difficult to pay it off. What happens to you were to die or become disabled with this debt? With students carrying hundreds of thousands of dollars in student loan debt after graduation, a tragic life event can leave the borrower and/or their family with a mountain of debt that may be impossible to pay off. Some may try to write it off, but bankruptcy regulations forbid them from doing so, barring extreme circumstances.

Continue reading “What Happens to Student Loan Debt after You Die or Become Disabled?”