Today, the US Treasury announced that they are moving Tax Day from April 15 to July 15, giving all taxpayers and businesses an additional three months to file and make payments without interest or penalties. The new deadline announced applies to federal income tax returns and payments only. We will monitor if states follow with similar filing deadline extensions….

Highlights of the Act include:

• Employers must provide two weeks of paid sick and family leave to employees who cannot work or telework due to one of the following circumstances:

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The package is planned to include:

• Direct cash payments to every American

• Relief for small businesses

• Loans to businesses in “severely distressed” major industries, such as airlines

• Resources to continue the fight against coronavirus

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For individuals whose employment may be affected, contact the Illinois Department of Employment Security…

The Internal Revenue Service and the Illinois Department of Revenue have successfully opened for the 2020 tax filing season and have begun accepting and processing tax returns for tax year 2019…