COVID-19: Addressing Important Federal and State Issues

Description

A huge THANK YOU to our distinguished panelists:

Chuck Choi, Esq.

Roger Fonseca, Esq.

Ron Heller, Attorney/CPA

Cheryl Itagaki, Esq.

Kurt Kawafuchi, Attorney/CPA

Chris Mashiba, Attorney/CPA

Tom Yamachika, Esq.

Chris Yeh, Esq.

Highlights

• CARES Act including the $2 trillion of stimulus and how the Federal can leverage a half trillion to another $4.5 trillion
• Families First Coronavirus Response Act enacted prior to CARE Act on March 17,2020
• Refund checks of $1,200 ($2,400 per married couple) and $500 per child to many taxpayers
• IRS People First Initiative (IRS Commissioner Rettig's Compliance Policy during these challenging times)
• New generous refundable federal payroll tax credits against your next payroll due date for certain paid leave - sick, child care - and medical insurance
• New IRS and State of Hawaii tax deadlines
• Practical advice, tips and traps from experienced Hawaii bankruptcy counsel to survive these challenging times
• Employment law issues including layoffs, work-from-home, COBRA, Coronavirus discrimination, etc.
• Retirement plan loans, hardship distributions, etc.

Objectives

To keep you informed of the latest developments