BUSINESS REPORT

Tax season can create hardships for the newly unemployed

BY Rhonda Schaffler, Correspondent |

The Wednesday tax filing deadline is fast approaching, and tax season is especially tricky for the more than one million state residents who became unemployed in recent weeks. They may not be able to afford to pay a tax bill that’s based on their income from last year. Tax experts urge residents in that position to pay what they can, and to contact the IRS to try to create a payment plan.

First there were calls for a boycott against New Jersey-based Goya Foods, and now hispanic organizations in the state are speaking out against Goya CEO Bob Unanue, who praised President Trump at a White House event late last week. Carlos Medina of the Statewide Hispanic Chamber of Commerce of New Jersey says he will ask the Chamber’s board to disassociate itself from Goya. Meantime, the Hispanic Bar Association of New Jersey put out a harshly worded statement against Unanue’s support for the President.

The FDA has given fast track authorization for two potential coronavirus vaccines developed by Pfizer and a German biotech company. That means the results of the vaccines’ clinical trials will get a quick review by regulators. Pfizer says if clinical trials are successful and a vaccine is approved, it expects to manufacture 100 million doses by the end of this year – and more than a billion doses by the end of 2021.