Navigating Uncertain Government Action

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Since the COVID-19 pandemic began having a widespread affect on American society, federal, state and local governments have enacted emergency regulations and programs to protect public health and the economy. On a daily basis, new, complex regulations and programs are being implemented (and will continue to be implemented) as government attempts to curtail this unprecedented crisis. Keeping up with all of the new requirements and opportunities can be dizzying, so consider the following suggestions.

In another example, Illinois Governor J.B. Pritzker issued seven (7) Executive Orders in seven (7) days between March 13 and March 20, 2020, including closing schools, restaurants, and bars, and then ordering all Illinois residents to stay-at-home with broad exceptions. Despite the general instruction to "Stay-at-home", many businesses are considered "essential" and permitted to continue to operate. Read more about Illinois' Stay-At-Home Order Here: Illinois Issues Shelter-In-Place Order. Finally, U.S. Treasury Secretary Mnuchin postponed the deadline to pay federal income taxes, and then, two days later, postponed the deadline to file federal income taxes as well. Update: Deadline to Pay and File Federal Taxes Extended 90 Days. Most states have yet to extend their deadlines, so make sure state income taxes are filed timely if states don't act.

Additionally, a prompt review of your insurance policies is important to determine whether any business interruption coverage is available, as discussed here: Business Interruption Insurance Coverage For COVID-19 Losses

These are four general suggestions to help focus on the issues at hand. Contact the attorneys are Burke, Warren, MacKay & Serritella, P.C. for guidance on how to address any of these issues.

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