The Federal Reserve established the Main Street Lending Program on April 9 and made modifications to some details and key terms on April 30, 2020, and again on June 8, 2020. The most recent modifications include a 2-year
COVID-19 News and Updates
COVID-19, a terrible virus which has brought unimaginable hardship to many, has changed the way we operate our businesses. We have never experienced anything like this: numerous businesses have had to shut down,
Existing tax law under IRC Section 165(i) allows a special election to deduct losses occurring in a federally declared disaster area in the tax year immediately preceding the tax year that the loss was incurred.
The experts at Prager Metis have created this Frequently Asked Question sheet regarding PPP Loan Forgiveness. The answers to these questions are based on government guidance as of May 15, 2020.
The IRS has made cuts in staffing and numerous taxpayer services due to the coronavirus. E. Martin Davidoff explains the options for taxpayers needing help in this NerdWallet article by Tina Orem
The Federal Reserve established the Main Street Lending Program on April 9 and made modifications to some details and key terms on April 30, 2020.
Register Today! Join Santander and Prager Metis’ Partner’s Robert O. Mayer and Edward P. Rigby for a webinar on Monday, May 18 at 3pm ET/ 12pm PT for a Q&A session on PPP Loan Forgiveness.
Paycheck Protection Loans provide relief to businesses but with certain stipulations. Robbin Caruso recently offered her insight to Business Insider on what this means for businesses and employees.
The IRS has announced that taxpayers that wish to receive their stimulus payments via direct deposit have until noon on Wednesday, May 13th to provide their bank account details via the Get My Payment tool.