Tax Alerts

March 18, 2021: IRS Postpones April 15 Due Date

The IRS announced that it has postponed the due date for individual income tax returns from April 15, 2021 until May 17, 2021. The IRS had previously postponed the due date for various tax filings and payments for Texas, Oklahoma, and Louisiana taxpayers until June…

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March 11, 2021: Congress Passes $1.9 Trillion Relief Package

Yesterday, Congress passed a budget reconciliation bill that includes the “American Rescue Plan Act” (“ARPA”, “Plan”), a $1.9 trillion COVID-19 relief package.  President Biden is expected to sign the bill into law this week. The ARPA includes several taxpayer economic relief and individual and business…

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August 6, 2020 – SBA Releases PPP Loan Forgiveness FAQs

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act established the Paycheck Protection Program (“PPP”) that provided loan funding for qualifying small businesses. Under the CARES Act, the proceeds received by a borrower from a PPP loan may be forgiven if the borrower uses the proceeds…

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