The IRS has released its annual “dirty dozen” list of scams for which taxpayers should keep an eye out. https://www.irs.gov/newsroom/https://www.irs.gov/newsroom/dirty-dozendirty-dozen
IRS releases its dirty dozen scam list for 2020.
July 27th, 2020PPP Loans and the Treasury Zinger
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
May 2nd, 2020In 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
COVID-19 Considerations in Maryland Commercial Leasing
April 30th, 2020By: John R. Wise Companies everywhere are presented with economic pressures by the COVID-19 pandemic. The Maryland commercial leasing community is working on two fronts to confront these challenges: lease restructurings and insurance claims. Many landlords and tenants have already… Read More
Remote Witness Order
April 13th, 2020On Friday, April 10th, 2020, Governor Hogan signed an Emergency Order to permit the remote witnessing of Wills, Powers of Attorney, and Advanced Directives. This Order allows for estate planning documents to be witnessed without requiring the witness to be… Read More
Who Gets What When There Isn’t a Will?
April 6th, 2020Maryland has always had laws in place to dictate what happens to someone’s estate when they die without a Last Will and Testament. In the last year one of those laws has changed slightly, specifically Senate Bill 317 was enacted… Read More
The Coronavirus Aid, Relief, and Economic Security (CARES) Act
April 4th, 2020On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It’s an approximate $2 trillion aid package and sets aside $350 Billion for Paycheck Protection Loans and $10 Billion for Economic Injury Disaster Loans for… Read More
The Families First Coronavirus Response Act: What You Need to Know as an Employer
April 1st, 2020About 3 weeks ago, we shared some guidance concerning how you, as an employer, can help protect against the spread of the novel coronavirus. Since then, much has transpired and while that guidance remains relevant, there are certain developments of… Read More
Layoff Aversion Fund
March 30th, 2020Small Business Grants of Up to $50,000 Are Now Available Governor Hogan and the Maryland Department of Labor (“Labor”) recently launched the COVID-19 Layoff Aversion Fund. The purpose of the Fund is to support businesses undergoing economic stresses due to… Read More
Governor Closes All Nonessential Businesses in Maryland
March 23rd, 2020At 11:00 a.m. this morning, the Governor of the State of Maryland issued an Executive Order closing all non-essential businesses in the State of Maryland, commencing at 5:00 p.m. today. To aid businesses in understanding the scope of this order,… Read More