Switch to ADA Accessible Theme
Close Menu

Category Archives: COVID-19

Paycheck Protection Program Round Two

By MendenFreiman LLP |

In late December 2020, Congress authorized a second round of Paycheck Protection Program (PPP) loans, with funding available to qualified first-time borrowers and borrowers who received a loan during the PPP first round. Nearly all community and institutional lenders have now opened their loan application process, and new PPP loans will be available through… Read More »

Facebook Twitter LinkedIn

New Law Clarifies and Expands CARES Act Employee Retention Credit

By MendenFreiman LLP |

On December 27, 2020, President Donald Trump signed into law the $900 billion COVID-19 relief bill passed by Congress on December 21, 2020. The legislation (Consolidated Appropriations Act, 2021), adds $300 to extended weekly unemployment benefits and provides more than $300 billion in aid for small businesses. One provision permits employers to retroactively claim… Read More »

Facebook Twitter LinkedIn

Coronavirus and Retirement Plans – Updates from IRS Notices

By MendenFreiman LLP |

We have previously posted discussions regarding the impact of the SECURE Act on planning for retirement plan distributions. With the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted, including several provisions addressing distributions from retirement plans and special tax treatment. The IRS recently issued two notices, Notice 2020-50… Read More »

Facebook Twitter LinkedIn

Charitable Giving Provisions of the CARES Act

By MendenFreiman LLP |

We have previously discussed the Paycheck Protection Program, and plenty of other commentary has focused on the 2020 Recovery Rebates for individuals, both of which were enacted under Coronavirus Aid, Relief, and Economic Security (CARES) Act. In addition to these headline-grabbing provisions, the CARES Act also contains provisions designed to encourage increased charitable giving… Read More »

Facebook Twitter LinkedIn

IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates, Corporations, and Others

By MendenFreiman LLP |

To help taxpayers, the Department of Treasury and the IRS announced in Notice 2020-23 the extension of additional key tax deadlines for individuals and businesses. Notice 2020-23 Previously, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty,… Read More »

Facebook Twitter LinkedIn

Estate Planning During COVID-19

By MendenFreiman LLP |

At MendenFreiman, the health and safety of our clients and staff are our most important priority. We also want you to know that during these unprecedented times, we are here for you. Below are several important updates regarding estate planning matters during the COVID-19 crisis. We Are Here for You. We remain committed to meeting… Read More »

Facebook Twitter LinkedIn

The New Paycheck Protection Program: What Business Owners Need to Know

By MendenFreiman LLP |

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Among its many provisions, the CARES Act authorizes the Paycheck Protection Program (the “PPP”), which will provide economic aid to small businesses and certain other employers to cover the capital costs of retaining employees and maintaining… Read More »

Facebook Twitter LinkedIn

UPDATE: Due Date for GIFT Tax Returns Postponed to July 15

By MendenFreiman LLP |

In Notice 2020-20, the Treasury Department has automatically extended the due date for GIFT tax returns until July 15, 2020. Here is the link: Notice 2020-20 They have not yet extended ESTATE tax returns, but stay tuned!

Facebook Twitter LinkedIn

The New Internal Revenue Service People First Initiative

By MendenFreiman LLP |

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service (“IRS”) announced on March 25 a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. The new IRS People First Initiative provides immediate relief to help… Read More »

Facebook Twitter LinkedIn

The New Federal Paid Sick Leave Law: What Business Owners Need to Know

By MendenFreiman LLP |

On March 18, President Trump signed into law the Families First Coronavirus Response Act (the “Act”). Among the many provisions of the Act, it provides for paid family and sick leave for employees that are unable to work, due to sickness, quarantine orders, or school closures, as a result of the coronavirus outbreak and… Read More »

Facebook Twitter LinkedIn
MileMark Media - Practice Growth Solutions

© 2017 - 2021 MendenFreiman. All rights reserved.
This law firm website and legal marketing are managed by MileMark Media.