Fidelity Investment, one of the largest financial management companies in the United States with over $8.3 trillion of assets under administration, will allow their investors to fund their 401(k) with Bitcoin.
The Franchise Tax Board recently announced a special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension where those tax filings and payments due have been extended from April 15, 2020 to July 15, 2020. This extension expands beyond individual returns and includes Corporations, S-Corps, LLCs, Partnerships, and other entity types with returns due during this period.
Those that are “affected taxpayers” need not have been directly impacted or diagnosed with COVID-19. The language is broad enough to where taxpayers who experience any difficulty in filing or paying, as a result of COVID-19, are included in this relief. Even so, relief is not automatic, and all individuals and entities will need to self-identify on their tax returns (as one would with other natural disasters).
For more details, please see the FTB release at: https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2020-2-more-time-to-file-pay-for-california-taxpayers-affected-by-the-covid-19-pandemic.html?WT.ac=COVID-19.