But Congress may act to enable taxpayers to deduct expenses paid with PPP loan proceeds
On April 30, 2020, the IRS released guidance disallowing deductions for otherwise deductible expenses if payment of the expense...more
CARES Act tax relief is designed to put cash in the pockets of taxpayers in distress. In this presentation, a panel of V&E’s tax and executive compensation lawyers will discuss how to maximize the benefit of these provisions,...more
4/28/2020
/ CARES Act ,
Continuing Legal Education ,
Coronavirus/COVID-19 ,
Employee Retention ,
IRS ,
Net Operating Losses ,
Tax Credits ,
Tax Deductions ,
Tax Planning ,
Tax Relief ,
Webinars
The roughly $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed on March 27, 2020 includes temporary modifications to the Internal Revenue Code intended to provide economic relief and increased...more
Updated April 3, 2020 On April 2, 2020, the Small Business Administration (the “SBA”) issued an Interim Final Rule (the “Rule”) announcing the implementation of the Paycheck Protection Program (“PPP”) of the Coronavirus Aid,...more
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. The CARES Act includes corporate and other business tax relief, including permitting carrybacks of (and the...more
Congress is imminently expected to approve a $2.2 trillion stimulus package known as “The Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” to provide emergency assistance to deal with the 2020 novel...more
3/30/2020
/ Business Closures ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Unemployment Insurance