By Maureen Monaghan and Adam Young
The Consolidated Appropriations Act, 2021 (Act), signed into law on December 27, 2020, amends certain tax provisions of the Coronavirus Aid, Relief, and Economic…
Continue Reading Congress Enhances Significant Tax Breaks for Businesses in Consolidated Appropriations Act
The $900 billion Consolidated Appropriations Act of 2021 (the Act) modifies the Paycheck Protection Program (PPP) in a variety of business-friendly ways likely to benefit both…
Continue Reading For Existing PPP Borrowers, Stimulus Bill Expands Forgivable Uses and Eases Tax Consequences
By Matthew D. Lee and Marissa Koblitz Kingman
This month’s court-ordered release of Paycheck Protection Program (PPP) loan data is expected to result in intense scrutiny of the loan forgiveness
…
Continue Reading PPP Data Dump Places Loan Forgiveness Applications Under a Microscope
By Paul B. Edelberg, Elizabeth J. Hampton and Gabriel B. Herman
In its massive new pandemic relief and stimulus package, Congress has significantly modified the Paycheck Protection Program (PPP)…
Continue Reading Stimulus Package Expands PPP, Simplifies Loan Forgiveness and Adds Disaster Grants
November 23, 2020 – Alerts
An unprecedented explosion of government investigation and enforcement is at hand as federal regulators focus their efforts on ferreting out any…
On October 26, the Small Business Administration (SBA) published a notice in the Federal Register seeking approval from the Office of Management and Budget to release…
Continue Reading SBA Announces New Paycheck Protection Program Loan Necessity Questionnaire
By Marissa Koblitz Kingman
Since the pandemic began, the federal courts have been inundated with Compassionate Release applications from attorneys seeking the immediate or early release of clients in custody.
Continue Reading Compassionate Release – Are You Eligible?
By Matthew S. Adams, Matthew D. Lee and Christopher J. Pippett
The Small Business Administration (SBA) has opened the portal for applications for forgiveness of Paycheck Protection Program (PPP) loans…
Continue Reading Will You Be Ready for a Paycheck Protection Program Audit?
By Matthew D. Lee and Marissa Koblitz Kingman
Shortly after the Small Business Administration began accepting applications for Paycheck Protection Program (PPP) loans, two Rhode Island businessmen quickly applied for
On March 25, 2020, following the onset of the COVID-19 pandemic, the IRS unveiled its People First Initiative to provide wide-ranging compliance relief to taxpayers experiencing hardships relating to the…
Continue Reading Resources Regarding “People First Initiative” Available on IRS Website
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