Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leaveSubmitted by Eck, Schafer & Punke, LLP on March 23rd, 2020
Below is the link to IRS News Release IR-2020-57 regarding Coronavirus-Related Paid Leave for Workers and Tax Credits for Businesses.
This was released on Friday March 20th as a follow up to the Families First Coronavirus Response Act which was signed into law by the President on Wednesday March 18th.
We recommend you interpret these Federal relief provisions in conjunction with the Coronavirus provisions enacted in each state you do business. Illinois Governor J.B. Pritzker’s Executive order released on Friday is linked here for reference.
If you have questions, please contact us.