On March 11, 2021, President Biden signed a $1.9 trillion stimulus act into law known as the American Rescue Plan Act of 2021 (the “Act”). While it would be impossible to do a deep dive into this massive stimulus...
Author: Nichole M. Baer
Excess Deductions Are Back!
January 29, 2021
This summer, the IRS issued interim regulations clarifying that excess deductions from a Trust or an Estate can pass out to beneficiaries. In the early fall, the IRS issued final regulations to the same effect. What does...
Paycheck Protection Program Take Three? – Part 2
January 8, 2021
The previous post on the third round of funding for the Paycheck Protection Program covered the big stuff – the necessity test, qualifications for taking out a second loan, and the latest attempt at simplified forgiveness....
Paycheck Protection Program Take Three? – Part 1
January 5, 2021
2020 has certainly been an interesting year. Thankfully, it is ending with a new federal act aimed at relieving businesses, industries, and individuals affected by the COVID-19 pandemic. It is known as the Consolidated...
Finally, More Money! – The Consolidated Appropriations Act, 2021
December 30, 2020
It must be a Christmas miracle. After deadlocking this summer and delaying over the weekend, the United States Senate and the House of Representatives have agreed to additional aid to those impacted by the COVID-19...