Posts in 2020

May 16 SBA Issues PPP Loan Forgiveness Application and Instructions

by John Anthony Castro, J.D., LL.M. On May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection ...

May 12 Protecting Your Organization Against Paycheck Protection Program Qui Tam Actions

by John Anthony Castro, J.D., LL.M. Most companies thought the “hard part” was over when they received loans under the Paycheck ...

May 07 Expenses Paid with a Forgiven PPP Loan are Deductible, IRS is Wrong

by John Anthony Castro, J.D., LL.M. Introduction The Internal Revenue Service recently issued Notice 2020-32 claiming that ...

Apr 01 SBA Paycheck Protection Program Guidance

by John Anthony Castro, J.D., LL.M. Introduction The Small Business Administration (SBA) has released its guidance with respect to ...

Mar 29 Congress Passes $2 Trillion CARES Act with Significant Tax and Labor Relief for Businesses and Individuals

by John Anthony Castro, J.D., LL.M. On March 25, 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security ...

Mar 27 How to Claim 2020 Recovery Rebate Checks

by John Anthony Castro, J.D., LL.M. Introduction On Wednesday, March 25, 2020, the U.S. Senate approved (96-0) a massive $2 ...