This morning, Governor Andrew Cuomo ordered all companies considered non-essential services to have 100% of their workforce stay at home, effective Sunday evening. Civil fines and mandatory closures for businesses that don’t comply will be enforced beginning Sunday. There is a 90 day stay on commercial and residential evictions. Food service and public transportation remain operational. We will update you as soon as we know.
This morning, Treasury Secretary Steve Mnuchin tweeted that the Treasury Department and the Internal Revenue Service extended the tax filing deadline until July 15, 2020. Earlier this week they deferred the payment deadline for many people until July 15, but had left the April 15th deadline in place. This is a breaking story and the IRS has not yet updated their website, but we will share as soon as we are able. If you anticipate a refund, we encourage you to still file your taxes, as the refund will help in these trying times.
For those of you who pay estimated taxes which are due April 15, the relief applies to estimated tax payments which are also now due by July 15, 2020. The State, is still silent on this issue thus far. New York State though, has suspended state debt collection including Student Loan and Medical Debt. Governor Andrew M. Cuomo has announced that employers are required to provide job protection and paid sick leave to those who have been quarantined as a result of COVID-19. Once again, there are resources out there to help small businesses and we should take advantage of them. New York City has enacted the NYC Employee Retention Grant Program to help retain employees as businesses face decreased revenue. Check your local small business website for updates. The Families First Coronavirus Response extends coronavirus coverage for free testing to Medicaid beneficiaries and group health insurance plans, with no cost sharing.
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Stay safe, and stay healthy, and thank you for being part of the iLaw family.