Important PPP Loan Update: FAQ #46 Safe Harbor Guidance on Economic Uncertainty Certifications Additional guidance has been released related to how borrower’s certification of necessity for Paycheck Protection Program (PPP) loans...
There have been several additional developments over the last few weeks regarding the Paycheck Protection Program (“PPP”). Even after these developments, many aspects of the PPP are still uncertain, including...
There have been additional developments over the last several days regarding the Paycheck Protection Program (PPP) and the only thing we can say with certainty is that more changes will...
In a notice issued on April 9, 2020, the IRS has granted “additional time to perform time-sensitive actions”. This includes the granting of deadline relief for both 1031 like-kind exchanges...
Any affected person with a federal income tax return due on April 15th will now have until July 15, 2020 to file their return. This is a change from...
Key Updates on Recent Legislation Business Legislation: The Family First Coronavirus Response Act requires certain size employers to provide paid sick leave as well as paid family and medical leave to employees....
Individual Legislation: Certain withdrawals from retirement plans (up to $100,000) will not be subject to the 10% early distribution penalty Increase of maximum loan from qualified plans to $100,000 (up...
The IRS has released guidance related to the postponement of certain tax payments as relief to taxpayers during the COVID-19 outbreak. This measure provides one of the first of what...
When a loved one who was "financially comfortable" passes away, his or her family must deal with the emotional issues that come with the loss — as well as winding up...
More than ever, it is important for individuals and businesses to enter into detailed tax planning. Due to the complexity of the tax law, the details are often left to...