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Stay Afloat with Tax-Favored Coronavirus-Related Distributions

Stay Afloat with Tax-Favored Coronavirus-Related Distributions

We’ve talked a great deal about the CARES Act, PPP and EIDL. Another key provision of the new law allows tax-favored treatment for coronavirus-related distributions from tax-favored retirement accounts.  Tax-Favored Distributions IRA owners who are adversely affected...

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IRS Guidance on PPP

IRS Guidance on PPP

Guidance concerning the Payroll Protection Plan is updated continually as the government responds to the economic impacts of COVID-19. Most recently, the IRS released a notice on April 30 stating that borrowers may not deduct expenses paid using forgiven PPP loan...

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SBA and Treasury Updates Concerning the PPP

SBA and Treasury Updates Concerning the PPP

Updated May 14, 2020 New communications from the Small Business Administration and the Treasury indicate a need for companies who received a Payroll Protection Plan loan and those who are applying for the funds to carefully assess their hardship statuses to determine...

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