Social Clubs and Coronavirus: Tax View on Qualified Disaster Payments, Part 2

Written by: James J. Reilly, CPA, JD In March 2020, HFTP published a TaxViews article entitled “Social Clubs and the Coronavirus Pandemic,” where we discussed Qualified Disaster Payments pursuant to Internal Revenue Code (“IRC”) Section 139. The coronavirus pandemic was designated as a disaster on March 13, 2020 which permits…