The Paycheck Protection Program (the "Program") under the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") creates a new $349 billion Small Business Act ("SBA") loan program for eligible organizations. Claire Taylor and Dustin Yeager provide details.
Stokes Law Briefs
The new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes several provisions of significance to financial institutions applicable to workouts with borrowers impacted by the COVID-19 crisis. Claire Taylor summarizes those provisions.
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) went into effect. Claire Taylor explains that the Act provides new payroll provisions offer relief for employers who continue to pay their employees even though the employer has been required to fully or partially shut down
Claire Taylor explains that recent district court decisions prevent individuals and businesses disputing audit results from raising new issues in court that were not previously raised at the IRS administrative level.
Claire Taylor explains how two recent court decisions suggest that employers may be subject to damages under the tax code for improperly classifying employees.
The federal Bipartisan Budget Act of 2018 overhauled the former rules for partnership audits. Claire Taylor explains that instead of a tax matters partner, a partnership must now designate a partnership representative.