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CONGRESSIONAL UPDATE: TAX CHANGES RELATED TO CORONAVIRUS PANDEMIC On March 27, 2020, President Donald J. Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748) (the “CARES Act”). On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (H.R. 6201) (the “FFCRA”), which includes the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act (“FMLA Expansion Act”). The following is a summary of important tax-related rights and obligations under the CARES Act, FFCRA and other recent tax changes related to the Coronavirus pandemic. Rules and regulations

UPDATE: DEPARTMENT OF LABOR GUIDANCE REGARDING PAID SICK LEAVE AND FMLA CHILDCARE LEAVE UNDER THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT On March 27, 2020, the U.S. Department of Labor’s Wage and Hour Division published its latest round of guidance to assist employers with complying with the Families First Coronavirus Response Act (“FFCRA”). This new guidance appears in the form of an updated Questions and Answers (available here) and addresses issues such as: What documents employees must submit to their employers to use paid emergency sick leave or FMLA childcare leave in order for employers to receive the tax credit; Whether

CONGRESSIONAL UPDATE: CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT TITLE I On March 27, 2020, President Donald J. Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) (H.R. 748). The CARES Act is divided into several subparts, or “Titles,” including the following: Title I (Keeping American Workers Paid and Employed Act), pertaining to paycheck protection and loan forgiveness; Title II (Assistance for American Workers, Families, and Businesses), pertaining to unemployment insurance and tax relief; Title III (Supporting America’s Health Care System in the Fight Against the Coronavirus), pertaining to medical supply availability and shortages,

UPDATE: FIRST ROUND OF DEPARTMENT OF LABOR PUBLISHED GUIDANCE FAMILIES FIRST CORONAVIRUS RESPONSE ACT On March 24, 2020, the U.S. Department of Labor’s Wage and Hour Division published its first round of guidance to assist employers with complying with the Families First Coronavirus Response Act (“FFCRA”). The DOL has indicated that it will continue to provide guidance on a rolling basis going forward, so watch for additional guidance in the future. The DOL’s first round of guidance includes a fact sheet for employers (available here) and a questions and answers document (available here). Among other things, the guidance clarifies (1)