Posts in 2020

Jul 02 COVID-19 Relief for Entities with Income Not Effectively Connected to U.S. Trade or Business

by Katherine Jean Barnes, J.D., LL.M. IRS: FAQs for Nonresident Alien Individuals and Foreign Businesses with Employees or Agents ...

Jun 27 Section 165(i) Disaster Loss Deduction

by John Anthony Castro, J.D., LL.M. Executive Summary You can amend your 2019 U.S. federal income tax return to effectively ...

Jun 25 Section 139 Pandemic Disaster Relief Payments

by John Anthony Castro, J.D., LL.M. Executive Summary Companies can make “qualified disaster relief” payments under Section 139 ...

Jun 05 The Flex Act Favorably Modifies the Paycheck Protection Program to Make Loan Forgiveness Easier

by John Anthony Castro, J.D., LL.M. On June 3, 2020, the U.S. Senate unanimously approved H.R. 7010, the Paycheck Protection ...

Jun 04 Tax-Free $100,000 IRA Withdrawal for Coronavirus Pandemic under CARES Act

by John Anthony Castro, J.D., LL.M. In summary, if the quarantine caused any adverse financial consequences, a phase so broad that ...

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 ...