Since the beginning of quarantining, social distancing, and the global shutdown of many businesses altogether due to the COVID-19 pandemic, clients have been asking about whether or not their contractual obligations may be postponed or excused. Essentially, what they are asking is what their contractual rights and obligations are vis-à-vis force majeure given the COVID-19 pandemic.
Are Your Affairs in Order?
The COVID-19 pandemic has affected everyone’s lives. Prior to this pandemic, establishing an estate plan was probably not a high priority for many people. However, as COVID-19 cases continue to rise, we have been forced to face our fears of falling ill, incapacity, and death, and to learn the importance of getting your affairs in order.
What Do San Diego Employers Do If an Employee Has or Is Likely to Have COVID-19?
Since May 2020 when California Governor Newsom approved San Diego County to move quicker through Stage 2 and Stage 3 of its re-opening plan, more employees are returning to the workplace. However, beginning in June 2020, San Diego County has also seen an increase in the number of COVID-19 outbreaks. What does this mean for San Diego employers, and how should they respond if an employee is likely to have or has COVID-19, or has had close contact with someone who has or is likely to have COVID-19?
COVID-19 Extends Tax Deadline to July 15, 2020, but How Long Should You Really Wait?
It is not news that the IRS extended the 2019 tax deadline from April 15, 2020, to July 15, 2020. This extension means that taxpayers can defer federal income tax payments without penalties and interest, regardless of the amount owed. The deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers and includes those who pay self-employment tax. The extension is automatic, so taxpayers do not have to file any additional forms with the IRS to qualify. As it turns out, the extension is a good thing because the agency is currently overwhelmed with processing millions of stimulus payments pursuant to the CARES ACT in this COVID-19 crisis.
