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Learn MoreJoin us as we explore topics that are top of mind for the real estate industry, including tax provisions that will be re-introduced after being suspended by the CARES Act, TCJA rule changes in the coming years and the impact of pending tax legislation on real estate investments. Topics will include loss and interest expense limitations, bonus depreciation, carried interests and like-kind exchanges, among others.
Read MoreThe SBA has released an updated forgiveness application form for the Paycheck Protection Program (PPP) — form 3508 and instructions. They also introduced a streamlined version of the forgiveness application — form 3508EZ and instructions. The updates include the changes passed two weeks ago under...
Read MoreWednesday evening, the Senate unanimously passed legislation that was passed in the House last week 417 to 1. This legislation is expected to be signed by the president today. It will allow more flexibility for businesses that have borrowed (or will borrow) under the Payroll Protection Program...
Read MoreThe SBA and Treasury released late Friday evening the long-awaited application to apply for forgiveness of a Paycheck Protection Program (PPP) loan. They also announced they will soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide...
Read MoreOn May 13, 2020, the SBA and Treasury issued Interim Final Rule on Loan Increases, allowing partnerships and seasonal businesses to potentially qualify for higher loan amounts from the Paycheck Protection Program (PPP) — even if they have already received a disbursement. Prior to the Interim...
Read MoreOn May 13, 2020, the SBA and Treasury announced a piece of much-awaited guidance related to the Paycheck Protection Program (PPP). FAQ #46 offers relief regarding the certification all PPP loan borrowers must make: “that the current economic uncertainty makes this loan request necessary to support...
Read More** This blog was updated on 6/8/20 as a result of new guidance from the Federal Reserve and the Treasury ** On April 9, 2020, the Federal Reserve introduced the Main Street Lending Program, aimed at providing expanded relief for small and medium sized businesses as part of the CARES Act. This new...
Read MoreAs a result of COVID-19, businesses of every size are struggling to determine cash flow in the short and long term. Facing the biggest liquidity challenge of our lifetime to date, and with economies essentially shutting down over much of the globe, small businesses in particular are faced with...
Read More** This blog was updated on 4/3/20 as a result of changes made by the CARES Act ** The Paycheck Protection Program included in the expansion of the SBA 7(a) loan program is designed to allow forgiveness of small business loans that help keep employees on the payroll and help small businesses from...
Read MoreWe recently held our Real Estate Roundtable to update our clients on significant trends and legislative changes in the industry. Our speakers focused on targeted capital allocations, new partnership IRS audit rules, current-year tax planning and tax reform. I addressed general tax issues related...
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