Statutes of Limitations Tolled as a Result of COVID-19

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As individuals and businesses struggle to process and address the impact of the pandemic outbreak on their business, Ohio’s Legislature has come to the aid of individuals and businesses alike to buy them more time with regard to actions that must be taken by certain statutorily or administratively created deadlines. On March 26, 2020, House…

Employer Shared Responsibility Payment (ESRP)

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IRS Determines No Statute of Limitations on Assessment In Legal Advice 20200801F issued by IRS Field Attorneys (Advice Memo), the IRS has determined that there is no statute of limitations on assessment of the Employer’s Shared Responsibility Payment (ESRP) because there is no tax return filed to report such payment. Generally, IRC section 6501 provides…