April 10, 2020

IRS Tax Relief Expansion

Notice 2020-22: Notice 2020- 22 Full Notice.pdf New Guidance: Under the CARES act there are many elections that can be made to alter the 163(j) limitation […]
April 8, 2020

CARES Act: Summary of Tax Provisions

2020 Recovery Rebates for Individuals For eligible individuals, the bill provides a rebate equal to the sum of $1,200 ($2,400 married filing joint), plus an additional […]
April 2, 2020

IRS Suspends Certain Compliance Programs Due to COVID-19

IR 2020-59, 3/25/2020 IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs In an Information Release, the IRS has announced that […]
April 2, 2020

COVID-19 Video Series

New Tax Law Changes for Real Estate Professionals June 18th, 2020 Post-Payroll Protection Program Funding Recommendations to Maximize Forgiveness PPP Post Funding Recommendations to Maximize Forgiveness.pdf […]
April 2, 2020

CARES Act Related to Retirement Plans

Below is a summary of the CARES Act as it relates to retirement plan provisions. Tax-Favored Withdrawals Tax -favored withdrawal, penalty-free, coronavirus-related distributions up to $100,000 […]
April 2, 2020

Loan Provisions

Paycheck protection program The bill creates the Paycheck Protection Program (PPP), which expands the scope of the Small Business Administration (SBA) to service a wide variety of small businesses. These loans are fully backed by the federal government, have no origination […]