On November 18, 2020, the Internal Revenue Service ("IRS") clarified its stance on the deductibility of expenses paid or incurred by businessowners who participated in the Paycheck Protection Program (“PPP”) by issuing...more
12/2/2020
/ Business Expenses ,
CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
IRS ,
Loan Forgiveness ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Popular ,
Safe Harbors ,
Tax Deductions
If you’re reading this Legal Alert, then you may be one of the many business owners, real estate professionals, restauranteurs, or retailers who were disappointed at how the tax law changes enacted in the Tax Cuts and Jobs...more
On March 27, 2020 the President signed into law a historic $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security ("CARES") Act to provide economic stimulus for the devastation resulting from...more
3/31/2020
/ Business Expenses ,
CARES Act ,
Coronavirus/COVID-19 ,
Financial Stimulus ,
Property Improvements ,
Relief Measures ,
Retirement Funds ,
Small Business ,
Tax Credits ,
Tax Deductions ,
Tax Relief