Non-deductibility of Expenses Funded with PPP Loan Proceeds
Late last week, the IRS issued Notice 2020-32 which states that no deduction will be allowed for an expense that would otherwise be deductible...
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DB Alert: CARES Act Tax Relief
As we’ve outlined in our previous Newsletters, President Trump signed into law on March 27, 2020, the Coronavirus Aid, Relief and Economic...
Read moreAlert: Qualified Opportunity Zone Funds
Summary As part of the Tax Cuts and Jobs Act of 2017 (TCJA), a new community and economic development program was enacted under Section 1400Z-1...
Read moreIRS TO ALLOW MOST TAXPAYERS TO DEFER PAYING 2019 TAXES ON APRIL 15, 2020 DUE TO COVID-19
Treasury Secretary Steven Mnuchin, speaking at a coronavirus news conference today, announced that individuals who owe taxes to...
Read moreDB Alert: 2019 Payment and Filing Deadlines
As we previously alerted our clients and friends, the Internal Revenue Service has postponed the tax payment deadlines for calendar year...
Read moreAll Cook County Properties to be Re-Assessed in 2020 Due to COVID-19
The Cook County Assessor’s Office recently announced updates to its assessment and appeal process in response to the coronavirus...
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