Tax Relief for Stranded Workers Won’t Be Extended, Official Says

The Treasury Department doesn’t plan to extend tax relief any further for workers trapped in the U.S. by pandemic travel restrictions, an official said Thursday.

“We are not considering extending that relief, but we are continuing to monitor the situation,” attorney-adviser Jim Wang said in a panel discussion on the tax implications of trapped workers hosted by the D.C. Bar.

In April, the IRS released relief measures (Rev. Proc 2020-20, Rev. Proc. 2020-27) that allowed nonresident individuals, foreign corporations, and partnerships to select a 60-day period between Feb. 1 and April 1 where the agency wouldn’t ...