Ag Docket Blog

Update:On April 24, Congress replenished PPP funds and made farmers eligible for EIDLs.

On April 9, 2020, IRS issued Notice 2020-23, which significantly expands the deadline relief for filings and payments earlier provided through Notices 2020-18 and 2020-20.

Update: On April 24, Congress replenished the PPP fund. Additional guidance was also provided: Congress Authorizes More Funds for PPP and EIDL and Says Farms Can Apply

Update: On April 9, 2020, IRS issued Rev. Proc. 2020-24, providing guidance to taxpayers with net operating losses that are carried back under the CARES Act.

March 25, 2020 | Kristine A. Tidgren

The Senate has been discussing provisions contained in what's being called the Coronavirus Aid, Relief, and Economic Security (CARES) Act or Phase 3 Coronavirus legislation. The proposal would include $2 trillion of spending. Full text of the legislation has not been publicly released, but Chairman Grassley from the Senate Finance Committee has released a summary of provisions under consideration.

March 23, 2020 | Kristine A. Tidgren

In a March 22, 2020, Proclamation of Disaster Emergency related to the COVID-19 crisis, the Iowa Governor temporarily suspended foreclosures of residential, commercial, and agricultural real property.

Update: On March 24, IRS issued a Q & A addressing many questions unanswered by the Notice.

Update: The Department of Labor has created a webpage devoted to this new law.

Update: After Iowa issued its notice, the IRS issued a notice extending the filing deadline for federal returns to July 15.

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