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Force Majeure and the COVID-19 Pandemic

March 20, 2020 Contracts

Uncertain times lead to unanticipated concerns, and we grapple for clarity where none seems to exist. The most obvious question on many agents’ (and clients’) minds is whether the “Force Majeure” provision of the FAR/BAR contract allows a party to cancel. In a word, no, at least not initially. Section…

Congress Responds to COVID-19: Extended Income Tax Payment Deadline, Refundable Payroll Credit for Certain Employers, and More Stimulus to Come

March 19, 2020 Legislation

Relief for American taxpayers amid the COVID-19 outbreak came in two forms on Wednesday, March 18, 2020. First, IRS action to postpone the April 15 income tax payment deadline. Second, Congress enacted the Families First Coronavirus Response Act (H.R. 6201), which provides for a refundable payroll tax credit for small…