Blog
PPP Loan Program Update – IRS Notice 2020-32 Disallows Related Deductions
May 1, 2020 The IRS issued Notice 2020-32 on April 30, 2020. We are assuming for purposes of this update that you...
CARES Act Paycheck Protection Program May 7, 2020 Repayment Option
The Treasury Department posted updated Frequently Asked Questions (FAQs) on April 23, 2020. FAQ #31 deals specifically with large companies and whether...
Federal Reserve Authorizes Main Street Loans for Companies Impacted by COVID-19
Effective April 9, 2020, the Federal Reserve authorized a series of programs to provide up to $2.3 trillion in loans...
Economic Impact Payments: Beware of Schemes
We want to advise clients to be on the lookout for a surge of calls and email phishing attempts related...
CARES Act – Focus on Tax Provisions for Businesses & Individuals
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (the CARES Act...
Oregon, Portland/Multnomah, & Portland Arts Tax Timing Updates
Portland, Ore. – March 27, 2020 We have summarized below the most recent guidance from Oregon (issued March 25th) and...
Families First Coronavirus Response Act Tax Benefits and Employer Obligations
As the federal government searches for ways to combat the economic effects of the growing coronavirus (COVID-19) pandemic, the first...
Final Federal Guidance on April 15, 2020 Automatic Relief (Notice 2020-18)
Portland, Ore. – March 23, 2020 Late Friday, the IRS issued Notice 2020-18, which contains formal guidance relating to the...
Update on IRS Tax Deadline
Portland, Ore. – March 20, 2020 While we do not have a formal notice from the IRS yet, both President...
Finding the Opportunity in Opportunity Zones
Since the Tax Cuts and Jobs Act (TCJA) passed in December 2017, Opportunity Zones (O-Zones) have been a commonly misunderstood...
IRS Tires of Valuation Disappearing Act
IRS Proposes Regulations Restricting Discounts on Family Transfers Experts have been able to assist families transfer wealth between generations using...
What the IRS Watches for When Your Payments Go Across the Border
In this fast-paced era dominated by ever-evolving technology, even a small business can find itself engaged in transactions with vendors...