Tag Archives: CARES Act
|
SCOTUS Opinion: Alaska Native Corporations Eligible For Funds From CARES Act
The Coronavirus Aid, Relief, and Economic Security Act allocated $8 billion to “Tribal governments” to pay for coronavirus expenditures. In Yellen v. Confederated Tribes of the Chehalis Reservation, the question was whether Alaska Native Corporations (ANCs) were eligible to receive any of those funds. The term “Tribal government” was defined as the “recognized governing body of an Indian tribe” as ... Read More
TAGGED: CARES Act, Alaska Native Corporations, Coronavirus Aid, Relief, and Economic Security Act, Yellen v. Confederated Tribes of the Chehalis Reservation, recognized governing body of an Indian tribe, Indian Self-Determination and Education Assistance Act, Alaska Native Claims Settlement Act, plain meaning
|
Client Alert: Payment Protection Program Grants May Result in Unexpected Taxable Income
The Paycheck Protection Program (“PPP”) enacted through the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) is the government relief program that provided loans to small businesses to cover payroll, rent or mortgage payments and utilities. The loan may be forgiven under certain prescribed circumstances. The issue for recipients now is how to account for the funds. There ... Read More
|
Client Alert: Sorting Through The Various COVID-19 Relief Programs and Conflicting Guidance on Loan Forgiveness
Small businesses and charities may be sorting through the various programs recently enacted and signed into law, trying to figure out which one is best. While each business or charity is unique and no one option is best for all, bets can be hedged and more than one program may be utilized. The Paycheck Protection Program (“PPP”) enacted through the ... Read More
|
National Survey of COVID-19 Medical Malpractice Immunity Legislation (as of April 15, 2020)
The below survey of federal and state legislation, guidance, and executive action provides information regarding enacted and proposed legislation and executive orders issued to provide immunity protections for liability, in certain respects, to health care professionals, facilities, and volunteers in the course of their treatment of individuals during the course of the COVID-19 pandemic and the declared national and state ... Read More
|
Client Alert: Additional Help For Individuals From The Tax Code
The COVID-19 pandemic was designated under the Stafford Act as a national emergency on March 13, 2020. By doing so, the federal government opened a new area for tax-free help to those impacted directly by the disease, or indirectly due to the shelter-in-place directives. Section 139, enacted after 9/11, allows employers, or really anyone so inclined, to provide “qualified disaster relief ... Read More
TAGGED: Tax Law, COVID-19, Families First Act, CARES Act, Stafford Act, Section 139, reimbursements
|
Client Alert: The Families First Act, the CARES Act, and IRS Guidance for Employers
The Families First Coronavirus Response Act (FAMILIES FIRST ACT), Public Law No. 116-127 (March 18, 2020), and the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT), Public Law No. 116-136 (March 27, 2020) provide relief to employees and employers (including nonprofits) during this pandemic. The relief provided by the FAMILIES FIRST ACT is in the form of additional paid ... Read More