Lawyers & Professionals

Firm Overview

Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

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Firm News

There’s a lot going on at Schulte — we’re wrapping up high-profile matters, welcoming talented new lawyers, speaking on issues that affect our clients, and more.

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Pro Bono

Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

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Diversity and Inclusion

Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support women and minorities’ professional success.

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If you’re a current or former Schulte lawyer, join our Alumni Network on LinkedIn to stay connected with old friends, make new contacts, and share your successes, ideas and insights.

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Social Responsibility

We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

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  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

On March 18, 2020, the Internal Revenue Service published Notice 2020-17 (“Notice”) permitting noncorporate taxpayers to delay until July 15, 2020, without interest or penalties, up to $1 million of Federal income tax payments otherwise due on April 15, 2020.[1] This relief applies to tax payments in respect of 2019 and estimated tax payments for the first quarter of 2020, including payments on self-employment income. The Notice similarly allows corporate taxpayers to delay up to $10 million of Federal income tax payments due on April 15, 2020, until July 15, 2020.

This relief is limited to Federal income tax. Therefore, taxpayers would need separate relief to defer payment of state taxes and other Federal taxes (e.g., withholding taxes) due on April 15, 2020.

The Notice also does not provide any relief with respect to tax filing obligations due on April 15, 2020.[2] Accordingly, absent additional relief, individual and corporate taxpayers must file their 2019 tax return by April 15, 2020 or obtain an extension by such date. Taxpayers who defer tax payments in excess of the $1 million or $10 million limit will accrue interest and penalties only on such excess. Estimated tax payments for the second quarter of 2020 have not been delayed and, absent future guidance, remain due on June 15, 2020.

Please contact your attorney at Schulte Roth & Zabel at your earliest convenience if you wish to discuss this notice.

[1] Married individuals filing jointly are limited to the same $1 million cap to which single taxpayers are subject.

[2] There are ongoing efforts in the United States Congress to enact legislation which would include delaying tax filing obligations due on April 15, 2020 until July 15, 2020 and increasing the deferral of Federal income tax payments in excess of the $1 million/$10 million limit mentioned above.

This communication is issued by Schulte Roth & Zabel LLP for informational purposes only and does not constitute legal advice or establish an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. ©2020 Schulte Roth & Zabel LLP.

All rights reserved. SCHULTE ROTH & ZABEL is the registered trademark of Schulte Roth & Zabel LLP.