All of us have been impacted to some degree by the novel coronavirus (COVID-19) and are making changes in our daily lives as we adjust to the new normal. It is also important that taxpayers make every effort to file and pay their taxes based on the currently published deadlines. State and local governments continue to update and develop their policies daily, and failing to pay obligations on time comes with consequences.
Rest assured Ryan will continue to monitor official announcements and developments daily. These developments include extensions of filings and payments, updates on penalties and interest, and closures of revenue agencies and legislatures. Our state-by-state matrix of these developments can be accessed below and will be updated regularly.
If you are considering making a tax decision that may be impacted by the COVID-19 crisis, we recommend that you seek formal advice from a knowledgeable tax professional.
Ryan offers no assurance that the information contained in these summaries is not subject to change or that a local taxing jurisdiction might disagree with our interpretation and treat the tax situation differently.
Ryan believes that the below summaries are accurate, but these items will change over time, and clients are advised to seek independent verification of each item.
Ryan advises you to seek professional tax advice directly from the affected taxing jurisdiction, or from a knowledgeable tax professional, before executing your tax plan.
U.S. Tax Department Operations by Jurisdiction
U.S. Tax Filing Extensions by Jurisdiction
U.S. Property Tax Extensions by Jurisdiction
U.S. Unclaimed Property Updates by Jurisdiction
Canadian Tax Filing Extensions by Jurisdiction
Canadian Property Tax Payment Extensions
Canadian Government Assistance
COVID-19 News & Insights (United States)
Indiana Coronavirus Property Tax Relief (Tax Development)
On March 19, 2020, Governor Eric Holcomb issued Indiana Executive Order 20-05 (EO 20-05), which extends several Indiana property tax deadlines. Implementation of EO 20-05 has been clarified by additional executive orders as detailed below. Read more...
CARES Act Signed into Law (Tax Development)
On March 27, 2020, President Trump signed into law a relief package developed by lawmakers in response to the global economic crisis created by the coronavirus pandemic. The Coronavirus Aid, Relief, and Economic Security Act (HR 748), also known as the CARES Act, is estimated to be more than $2 trillion in stimulus to protect workers and businesses. Read more...
Pay Your Taxes Timely (White Paper)
Oftentimes during a business crisis, taxpayers overlook their obligations to pay taxes due. Some businesses that find themselves in a cash shortage forget that trustee taxes (sales and payroll taxes) are not the taxpayers’ funds but money that belongs to the government. As government property, they must be remitted timely. Failure to remit trustee taxes, many times, results in severe penalties and sanctions with little to no relief. Read more...
Louisiana Legislature (Tax Development)
Louisiana Governor Suspends All Legal Deadlines; Legislature Recessed until March 31, 2020
On Monday, March 16, 2020, Governor John Bel Edwards issued Proclamation Number JBE 2020-30. The Proclamation suspends all legal deadlines, including administrative agencies and boards, “…until at least Monday, April 13, 2020.” This includes Title 47 of the Louisiana Revised Statutes, which deals with revenue and taxation. Therefore, this will be applicable to the Louisiana Board of Tax Appeals and the Louisiana Department of Revenue. Read more...
COVID-19 News & Insights (Canada)
Manitoba Postpones Sales Tax Changes (Tax Development)
On March 26, 2020, Manitoba Premier Brian Pallister announced that, due to financial challenges created by the COVID-19 pandemic, the province will defer the implementation of key sales tax measures announced in its 2020 budget. The provincial sales tax (PST) rate reduction from 7% to 6%, the introduction of a provincial green levy equal to a flat rate of $25 per tonne of carbon dioxide equivalent emissions, and a planned tobacco tax rate increase – all previously scheduled to take effect on July 1, 2020 – have been deferred until further notice.
Further information about these sales tax changes is available in Manitoba Information Bulletin No. 120, “Taxation Changes – 2020 Budget”.
COVID-19: Alberta Defers Tourism Levy Payments (Tax Development)
Alberta recently announced a deferral of tourism levy payments collected under the Tourism Levy Act in Special Notice Volume 7 Number 9, Deferral of Tourism Levy Remittances. Providers of temporary accommodation in Alberta may defer making tourism levy payments that become due between March 27, 2020, and August 31, 2020, with these amounts now being due on August 31, 2020.
Temporary accommodation providers must file all tourism levy returns as required during this period. However, interest that would otherwise have accrued to amounts becoming due during the period where the payment is deferred will not be levied.
However, where payments related to amounts that become due during the period have already been made, the temporary deferral will not apply.
Canadian Property Tax – COVID-19 Relief Measures (Tax Development)
As Canadian governments at all levels continue to respond to the COVID-19 pandemic, many real estate sectors are experiencing the financial impact of temporary closures. As the single largest expense component of rent for tenants and largest fixed operating cost for business owners, property tax is an area that can be mitigated during this time of crisis to provide much needed financial relief. Read more...
COVID-19 GST/HST Remittance Deferral (Tax Development)
On March 31, 2020, the Canada Revenue Agency (CRA) released a set of 11 FAQs to clarify certain elements of the GST/HST remittance deferral relief announced on March 27, 2020 (and discussed in Ryan Tax Alert | Further Federal COVID-19 Relief Measures). Read more...
Further Federal COVID-19 Relief Measures (Tax Development)
On March 27, 2020, the Government of Canada announced additional relief to support Canadian business during the COVID-19 pandemic. The added measures provide for extended tax reporting and remittance deadlines, deferred payment of customs duties, and significant adjustments to the government’s current administrative policies to help taxpayers meet their obligations. This supplemental assistance, which includes further economic initiatives for small and medium businesses, builds on the extensive COVID-19 related support measures previously announced. Read more...
Ontario’s Action Plan: Responding to COVID-19 (Tax Development)
On March 25, 2020, the Ontario government released a one-year economic and fiscal plan in response to the COVID-19 pandemic. The province’s plan focuses on responding to the ongoing pandemic in a manner that protects the health of residents and the economy of Ontario. Read more...
Provincial COVID-19 Economic Response Plans (Tax Development)
Following the Government of Canada’s announcement of its COVID-19 Economic Response Plan on March 18, 2020, several provinces and territories have announced tax relief measures in relation to the pandemic. Below you will find Ryan’s analysis of significant initiatives recently announced by British Columbia, Manitoba, Alberta, and the Northwest Territories. Read more...
COVID-19 Economic Response Plans (Tax Development)
On March 18, 2020, the Government of Canada announced its COVID-19 Economic Response Plan. Under this plan, a commitment was made to provide roughly $27 billion in monetary support to all Canadians. A number of these commitments apply to Canadian workers, while others focus on helping Canadian businesses deal with the economic implications of the Coronavirus pandemic. To date, Québec and Saskatchewan have also announced specific COVID-19 related tax relief measures, with announcements by other provincial jurisdictions expected in the coming days. Read more...
Charities Directorate (Tax Development)
The Canada Revenue Agency (CRA) recently released the notice Coronavirus Disease (COVID-19): Charities Directorate with details on filing deadline extensions for charities. Charities with a T3010, “Registered Charity Information Return” due between March 18, 2020 and December 31, 2020, will have their filing deadline extended to December 31, 2020. The filing extension has been made as part of the Government of Canada’s Economic Action Plan. This extension recognizes that charities will be focusing their resources on assisting Canadians as they deal with the COVID-19 pandemic and will likely require more time to complete their returns.
The CRA also advises charities to register for the secure online My Business Account service to access new digital services available to them while the Charities Directorate’s operations are suspended.