DB Newsletter 4/15/2020

  1. Independent contractors and self-employed individuals who file a 1099 can now apply for loans under the Paycheck Protection Program (PPP). 
    1. As noted in this article, more details and clarification from SBA is still needed, so please keep an eye out for guidance from us and your financial advisor.
  2. The District’s Office of Tax and Revenue (OTR) has extended the deadline to file and pay all income, partnership, and franchise tax returns until July 15, 2020.  This extension applies to all D-20, D-30, D-40, D-41, D-40B, and D-65 tax filers, and includes combined return filers. This extension is automatic and does not require taxpayers to apply.
    1. For more details, see the OTR Tax Notice.