Covid-19 General Observations

General observations

For Clarity:  The following Two Acts are included in the Families First Coronavirus Response Act (FFCRA)

1)Emergency Paid Sick Leave Act – an initial two weeks of paid leave when employee is quarantined, and/or experiencing COVID-19 symptoms and seeking a medical diagnosis.

2)Emergency Family Medical Leave Expansion Act – 2/3 of regular pay – to care for your child whose school or place of care is closed, or child care provider is unavailable, due to Covid-19 related reasons.

Tax Payments Electronically Withdrawn as part of your Income Tax Filing

If you scheduled a payment as part of filing your tax return (authorizing an electronic funds withdrawal), you may revoke (cancel) your payment by contacting the U.S. Treasury Financial Agent at 888-353-4537. You must call to make a payment cancellation request no later than 11:59 p.m. ET two business days prior to the scheduled payment date.

Estimated Tax Payments & IRA's

As of 3/25/2020 IRS FAQ’s per Checkpoint

June 15, 2020 estimates.  June 15, 2020 estimates have not been postponed. These second quarter 2020 estimated income tax payments are still due on June 15, 2020. (FAQ 16)

.IRAs. The Notice's relief applies to IRA contributions. IRA contributions for 2019 are due by the tax filing deadline. Thus, 2019 IRA contributions can be made by July 15. (FAQ 17)

Questions and Answers Highlights under the FFCRA provided by Treasury Department

If my employer closed my worksite before April 1, 2020 (the effective date of the FFCRA), can I still get paid sick leave or expanded family and medical leave?  

No. If, prior to the FFCRA’s effective date, your employer sent you home and stops paying you because it does not have work for you to do, you will not get paid sick leave or expanded family and medical leave but you may be eligible for unemployment insurance benefits. This is true whether your employer closes your worksite for lack of business or because it is required to close pursuant to a Federal, State, or local directive.

If my employer closes my worksite on or after April 1, 2020 (the effective date of the FFCRA), but before I go out on leave, can I still get paid sick leave and/or expanded family and medical leave?

No. If your employer closes after the FFCRA’s effective date (even if you requested leave prior to the closure), you will not get paid sick leave or expanded family and medical leave but you may be eligible for unemployment insurance benefits. This is true whether your employer closes your worksite for lack of business or because it was required to close pursuant to a Federal, State or local directive.

If my employer is open, but furloughs me on or after April 1, 2020 (the effective date of the FFCRA), can I receive paid sick leave or expanded family and medical leave?

No. If your employer furloughs you because it does not have enough work or business for you, you are not entitled to then take paid sick leave or expanded family and medical leave. However, you may be eligible for unemployment insurance benefits.

If my employer reduces my scheduled work hours, can I use paid sick leave or expanded family and medical leave for the hours that I am no longer scheduled to work? 

No. If your employer reduces your work hours because it does not have work for you to perform, you may not use paid sick leave or expanded family and medical leave for the hours that you are no longer scheduled to work. This is because you are not prevented from working those hours due to a COVID-19 qualifying reason, even if your reduction in hours was somehow related to COVID-19.

April 5, 2020.  This article in the National Law Review indicates that Paycheck Protection Program Loans are open to Foreign Owned businesses: https://www.natlawreview.com/article/paycheck-protection-program-loan-applications-are-opening-today-eligibility-small-us

Apply for Covid-19 Economic Injury Disaster Loan Advance - $10000 no repay required at https://covid19relief.sba.gov/#/

Here is a Summary of the Three Phases of Coronavirus Relief as of April 7, 2020.  This has a very good explanation of the legislation with some very user friendly explanations of the available programs.  You can shortcut this document by just reading my yellow highlights that will take about 15 minutes.

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