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.
Stokes Law Briefs
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.
Tom Lerner explains the changes to the Bankruptcy Code that will come with the Small Business Reorganization Act of 2019, and offers practical tips for lenders who may be impacted.
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.
In an April 2nd decision, an Appellate court reminds foreclosing lenders to say what you mean and mean what you say. Claire Taylor and Tom Lerner explain that ambiguity and delay can lead to unintended outcomes.