On March 17th, 2020, Secretary Mnuchin announced the IRS will allow a ninety (90) day extension of the April 15, 2020 tax payment deadline. Now, taxes and payments therein, will not be due till July 14, 2020. Unlike the California State Franchise Tax Board, this deferral is automatic. Even so, the deferment only applies to the first $1 million of income for individuals, and first $10 million to corporations. Any fund owed above that amount with be charged interest until paid. More details will emerge.
This is breaking news, but for more detail see: https://www.usatoday.com/story/money/2020/03/17/taxes-2020-irs-delay-april-15-tax-payment-deadline-90-days/5071239002/ and https://www.cnbc.com/2020/03/17/treasury-and-irs-to-delay-tax-deadline-by-90-days.html.
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California has required employers to “indemnify” employees for “necessary expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties, or of his or her obedience to the directions of the employer” in substantially the same terms since 1937 under Labor Code § 2802.
