Corporate bankruptcies likely to surge as states request federal aid Lawmakers have criticized a proposal to allow states to file for bankruptcy protection. https://pxpx500.blogspot.com
She polices social distancing at Kraft’s mac-and-cheese factory during coronavirus Brooke Burk’s Missouri plant had two cases of COVID-19 last month, but she’s still working to keep colleagues safe: "We need to keep getting that food out the door" https://pxpx500.blogspot.com
Coronavirus-inspired SALT cap relief may incentivize more people to pay their taxes Governors of states hardest hit by the outbreak have begun asking lawmakers to lift the $10,000 cap on state and local tax deductions. https://pxpx500.blogspot.com
Coronavirus unemployment bump puts struggling restaurants in tough spot Some employees can make more money if they claim unemployment. https://pxpx500.blogspot.com
Coronavirus-related surge in forbearance cash flow concerns eased by feds The government moved to address servicer liquidity on Tuesday, but the industry is hoping for more help. https://pxpx500.blogspot.com
White House confident deal to fund PPP will be reached next week: Source The $350 billion in funding for the program had officially run out as of Thursday. https://pxpx500.blogspot.com
Coronavirus could cause New York to ramp up audits of wealthy taxpayers The state is known for its aggressive policy when it comes to auditing residency cases. https://pxpx500.blogspot.com
California becomes first state to give coronavirus relief to undocumented immigrants Here’s how much they will be eligible for. https://pxpx500.blogspot.com
Will coronavirus crisis spark fresh exodus from high-tax states? Taxpayers may be wary of returning to densely-populated areas in the wake of the coronavirus outbreak. https://pxpx500.blogspot.com
Coronavirus hit high-tax states renew SALT cap repeal efforts Governors in New York, New Jersey say repealing the cap would give a boost to their middle-class residents. https://pxpx500.blogspot.com