TACCA Update March 25
Wednesday, March 25, 2020
Posted by: Devorah Jakubowsky
Department of Labor Publishes Guidance on Leave
Yesterday, the Department of Labor (DOL) published its first guidance to help employers comply with the recently passed Families First Coronavirus Response Act (FFCRA). FFCRA takes effect on April 1 to help combat COVID-19 by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. The legislation ensures that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus while at the same time reimbursing businesses.
The DOL guidance is provided in three manageable documents:
Fact Sheet for Employers
Fact Sheet for Employees
Questions and Answers
IRS People First Initiative
The Treasury Department and Internal Revenue Service extended the federal income tax filing due date April 15, 2020, to July 15, 2020. Today the Internal Revenue Service announced an initiative to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions, modifying processes as early as April 1 and through July 15. Some highlights that may help you:
- For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended.
- Reminder that people unable to fully pay their federal taxes can enter into a monthly payment agreement with the IRS
- Liens and levies (including any seizures of a personal residence) initiated by field revenue officers will be suspended during this period as will new automatic, systemic liens and levies
- Assisting taxpayers in various stages of Offers in Compromise (OIC), including extending deadlines to provide requested information and suspending payments.
- The IRS reminds people facing a liability exceeding their net worth that the OIC process is designed to resolve outstanding tax liabilities by providing a "Fresh Start."
Please visit the IRS website for complete and detailed information.
Federated Insurance Answers FAQs
Federated Insurance, one of TACCA’s affinity partners, shared their frequently asked questions from employers around COVID-19. Read the attachment for answers to the following questions.
- We will be closing our offices, hopefully on a temporary basis, and will need to layoff or furlough our employees. Can they get unemployment compensation?
- We have a few employees over 60 and 70 years of age. Will we be discriminating based on age if we send these employees home?
- If employees are worried about the virus and decide to stay home, must they use their PTO if they have? Is the company required to give separate paid leave for the virus?
- Can we take our employees’ temperatures before they start work?