Considering a New 409A Valuation in Light of COVID-19

As COVID-19 continues to curtail economic activity, private companies granting equity-based incentive awards should consider whether the pandemic’s impact on their business warrants a new independent 409A valuation of their equity securities. As a reminder, with limited exceptions Section 409A of the Internal Revenue Code and its associated regulations (“Section 409A” and/or the “regulations”) requires […]

COVID-19 Legal Briefing: California And Federal Tax Update – Filing And Payment Extensions

The Internal Revenue Service and the California Franchise Tax Board have issued guidance allowing an extension of time to pay income taxes ​and file returns. CALIFORNIA:  The California Franchise Tax Board has announced that the filing and payment deadlines of March 15th for entities and April 15th for individuals have been extended until June 15, 2020.  […]