Publication
SW Benefits Update: Tax-Favorable COVID-19 Pandemic Relief for Employees and Employers Covered by Section 139 Programs
By Amberlee Conley, Greg Gautam, and Marvin S. ("Bucky") Swift, Jr.
With life upended for many employees during the COVID-19 pandemic, we want to highlight one way for employers to offer potential tax-favorable financial relief: implementing a disaster relief program under Section 139 of the Internal Revenue Code (“Code”). Section 139 offers certain tax benefits on qualified disaster relief payments (or reimbursements) made to employees during qualified disasters.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
