Those of us who work as independent contractors have been significantly impacted by the COVID-19 pandemic effects, which has resulted in court closures and the cancellation of most depositions and other jobs. Because of this, we wanted to pass along this information in case you don’t have it:
Tax Payments: Following the Administration’s emergency declaration, the U.S. Treasury Department and Internal Revenue Service (IRS) issued guidance allowing all individual and other non-corporate tax filers to defer payment of federal income tax (including self-employment tax) due on April 15, 2020, until July 15, 2020, without penalties or interest. This does not change the April 15 filing deadline. Please click here for more information and discuss your individual situation with your tax advisor. The Franchise Tax Board also announced tax relief for California taxpayers due to the coronavirus. More information here.
Rent/Mortgage Payments: Many cities announced that they would implement 30-day or indefinite eviction bans so that renters cannot be kicked out of their homes during the coronavirus crisis, and the Administration announced this week that the Department of Housing and Urban Development will suspend all foreclosures and evictions through the end of April. You should still discuss your specific situation with your mortgage lender or landlord.
Working Remotely: Although most jobs have cancelled for the next two weeks, some colleagues have been working remotely via online platforms and this trend might continue next month. It has been reported to us that most interpreters have nonetheless kept their rates unchanged and we encourage everybody to do the same since remote interpreting doesn’t make our work any less challenging (if anything, it’s quite the contrary).