U.S. IRS Publishes IRB 2020-16 Including Notices on Deadline Relief and Employment Tax Credits for COVID-19 and Foreign Income Exclusion Eligibility Waiver

The U.S. IRS has published Internal Revenue Bulletin (IRB) 2020-16, which includes certain notices and revenue procedures in relation to the COVID-19 emergency and other issues

The first notice in relation to COVID-19 is Notice 2020-20. This notice amplifies Notice 2020-18 on deadline relief and provides additional relief under section 7508A of the Code for taxpayers affected by the COVID-19 emergency. The due date for filing Federal gift and generation-skipping transfer tax returns and mak…