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Families First Coronavirus Response Act; Tax Filing Date Moved to July 15

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President Trump has now signed the Families First Coronavirus Response Act into law. The Act goes into effect on April 1, 2020 and includes numerous provisions relevant to nonprofit organizations and their employees. There are no exclusions for churches or religious organizations.

We’ve summarized and provided insight on:

  • The expansion of circumstances under which the Family Medical Leave Act may permit employees to take leave
  • The new Emergency Paid Sick Leave benefit
  • Payroll tax credits

Read the full article here.   

In addition, today U.S. Treasury Secretary Steven Mnuchin announced that the tax filing deadline has been moved from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.  Updated on March 23: Information returns such as Form 990 are not included in this extension. Organizations that need an extension for Form 990 must file for one by April 15.

However, it’s not yet clear whether the July 15 date applies to tax-exempt organization returns with:

  • An original due date of May 15
  • An extended due date of April 15
  • An extended due date of May 15

We will update you as additional information becomes available.

Please contact us online or at [email protected] with questions. We are here to help.

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