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Archive for May, 2020

PPP Loans and the Treasury Zinger

Sunday, May 3rd, 2020

“Taxes are the life blood of the government.” Well that is true and here is an example. On April 30, 2020 the IRS issued Notice 2020-32 (“Notice”) https://www.irs.gov/pub/irs-drop/n-20-32.pdf . The Notice states that although forgiveness of a PPP loan is… Read More

Keeping apprised of the Tax Aspects of the Coronavirus Aid, Relief, and Economic Security Act

Saturday, May 2nd, 2020

In an effort to keep our clients apprised about the tax aspects of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), Thomas & Libowitz, P.A. offers free consultations and the below outline of three major tax aspects of… Read More