Kang Haggerty News
After a few false starts, the IRS announced over the weekend that the federal income tax filing due date is automatically extended to July 15, 2020. Mid-week, the IRS, acting in accordance with the President’s emergency declaration pursuant to the Stafford Act, originally extended only the time for certain tax payments, but not filings. Now, the IRS has clarified that both tax returns and tax payments originally due to be filed April 15th are extended three months.
Taxpayers can defer federal income tax payments due without penalties and interest, regardless of the amount owed; the latter is an important change from the earlier announcement as it related to corporations, which were only originally permitted to defer a certain amount. Now, this deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers.
Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 (individual) or Form 7004 (businesses).
In the March 19, 2020 edition of 
As a commercial transactional lawyer, I often speak to my clients and colleagues about contract management. While I am usually heavily involved in many stages of the contract lifecycle – most notably, negotiations, drafting, closings and amendments – the real work (and most problems) arise during contract performance, which is the time the contracting company is typically “on its own.” I stress to my clients that competent management of contracts post-execution is critical: your management team needs to know its contractual obligations: due dates and milestones, payment terms, and areas of performance. Who’s doing what, when, and for how much? I recommend companies appoint a contract manager to maintain each contract and its pertinent information, and create a database of performance, payment, and other obligation information, along with applicable deadlines and a “tickler” system.