Moss & Barnett's COVID-19 Resource Page

COVID-19 is having significant and rapidly changing legal implications for both businesses and individuals. We have created this resource page to provide information that may be helpful in your decision-making. We know that this is a difficult and stressful time for everyone, and new challenges will emerge as this situation continues to evolve. Together, we are well-equipped to navigate these challenges and overcome these trying times.

Business Law

November 10, 2020: Governor Walz Announces New Restrictions on Social Gatherings, Restaurants, Bars, and Public Accommodations
With rising COVID counts nationally, Governor Walz has chosen to tighten the restrictions on social gatherings, restaurants, bars, and public accommodations effective November 13, 2020.

Business Law and Employment Law

May 20, 2020: Governor Walz Announces "Stay Safe Plan" Phases for Restaurants and Bars and Personal Care Services
Governor Tim Walz announced the phases in his Stay Safe Plan on May 20, 2020, including limited outdoor dining at restaurants and bars and 25% occupancy for salons and barbershops to ensure the safety of both the employees and the customers starting June 1, 2020.

May 14, 2020: What You Need to Know About the Safely Reopening Minnesota's Economy Order
Governor Tim Walz's Emergency Executive Order 20-56, "Safely Reopening Minnesota's Economy and Ensuring Safe Non-Work Activities during the COVID-19 Peacetime Emergency," goes into effect on Monday, May 18, 2020, at 12:00 a.m., and contemplates a staged reopening of Minnesota with significant restrictions.

March 20, 2020: Families First Coronavirus Response Act: What Employers Need to Know
Beginning April 1, 2020, employers will need to begin compliance with the employee medical leave and family leave provisions of the Families First Coronavirus Response Act.

Business Law and Financial Services

February 19, 2021: Company Expenses Paid with Forgiven PPP Loan Proceeds Are Tax Deductible
The Consolidated Appropriations Act, 2021 (the “Act”) clarifies the treatment of business expenses paid with Paycheck Protection Program (“PPP”) loan proceeds that were subsequently forgiven. Prior to the Act, the Internal Revenue Service (“IRS”) issued guidance that businesses could NOT claim a tax deduction for business expenses that were paid with forgiven PPP loan proceeds. The Act reverses the IRS position and provides that such expenses are tax deductible.

June 5, 2020: New Legislation Gives Employers More Flexibility with PPP Loans
The Paycheck Protection Program Flexibility Act of 2020 was signed into law on June 5, 2020, making significant changes to the Paycheck Protection Program. Borrowers have been provided more options and time under the Act.

April 2, 2020: New Federal Small Business Loan Programs
Many businesses are facing significant liquidity challenges due to the COVID-19 pandemic. The federal government is implementing two loan programs to help small and mid-sized businesses: the Economic Injury Disaster Loans (“EIDL”) Program and the Paycheck Protection Loan Program.

Family Law

December 15, 2020: Co-Parenting in the Era of COVID-19
When Governor Walz signed the initial Stay at Home Order on March 25, 2020, he made an important exception for two-household families — that is, families who have experienced divorce or separation. Recognizing that parenting time schedules require a back-and-forth between two homes, the Stay at Home Order specifically exempted existing parenting time schedules from its terms. These are certainly extraordinary and stressful times for everyone, but for two-household families, the pandemic has created a unique set of challenges.

Tax and Wealth Preservation and Estate Planning

February 22, 2021: Tax Update – When Are Your 2020 Taxes Due?
Unlike last year, the Internal Revenue Service ("IRS") has not extended the filing deadline for your 2020 individual income tax return. Your return is due April 15, 2021. Similarly, Minnesota has not extended the filing deadline for your 2020 individual income tax return.

April 7, 2020: Coronavirus Stimulus Law Changes Retirement Plan Distribution Plan
On March 27, 2020, the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” was signed into law. Among its provisions, the CARES Act suspends required minimum distributions from retirement plans and IRAs for 2020; waives the 10% penalty on early retirement plan distributions for “coronavirus-related distributions”; and increases the amount than is may be borrowed from a retirement plan.

April 1, 2020: Federal and Minnesota Individual Income Tax Due Dates
The IRS and Minnesota Revenue have been making announcements regarding extensions of filing deadlines and payment due dates in light of the COVID-19 outbreak.

Firm News

March 17, 2020: Moss & Barnett's Response to COVID-19
As the novel coronavirus (COVID-19) situation escalates, our primary concern continues to be the health and safety of our employees, clients, visitors, their loved ones, and the communities in which we live and work. To that end, this week, and for the next several weeks, all Moss & Barnett employees will be working remotely.

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