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  • Article

    IRS Announces That Expenses Giving Rise To PPP Loan Forgiveness Cannot Be Deducted

    To prevent taxpayers from claiming what the Internal Revenue Service (the IRS) believes to be an unintended double tax benefit under the Paycheck Protection Program (PPP),...
    United StatesCoronavirus (COVID-19)
    A&O Shearman
    A&O Shearman
  • Article

    New SBA Guidance May Reduce The Risks To Borrowers Making The Certification Of Necessity For Paycheck Protection Program Loans

    Today, just one day before the safe-harbor deadline for returning Paycheck Protection Program (PPP) loans, SBA released new guidance (FAQ # 46)
    United StatesCoronavirus (COVID-19)
    Mayer Brown
Mayer Brown
  • Article

    Restaurant Revitalization Fund: Newest Addition To The List Of SBA Stimulus Programs

    The $1.9 trillion American Rescue Plan Act of 2021 (ARP), signed into law on March 11, 2021, includes a $28.6 billion "Restaurant Revitalization Fund" (RRF) administered by the Small Business ...
    United StatesCoronavirus (COVID-19)
    Ballard Spahr LLP
    Ballard Spahr LLP
  • Article

    SBA Loans Under The CARES Act

    The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"), signed into law on Friday March 27, 2020.
    United StatesCoronavirus (COVID-19)
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    SEC's Division Of Corporation Finance Provides Coronavirus (COVID-19) Disclosure Guidance

    As part of its coronavirus disease 2019 (COVID-19) response,1 the staff of the U.S. Securities and Exchange Commission's ("SEC") Division of Corporation Finance ...
    United StatesCoronavirus (COVID-19)
    Womble Bond Dickinson
    Womble Bond Dickinson
  • Article

    The GSEs And Other US Federal Agencies Issue New And Revised Guidance For Appraisals And Verifications Of Employment

    Since Mayer Brown issued a Legal Update describing guidance issued by Fannie Mae, Freddie Mac (together with Fannie Mae, the "GSEs"), the Federal Housing Administration and the Veterans...
    United StatesCoronavirus (COVID-19)
    Mayer Brown
    Mayer Brown
  • Article

    Two-thirds Of Business Executives Say The U.S. Economy Will Recover Within A Year

    TMF Group Report Shows Optimism from American business executives; Over Half See Their Businesses Rebounding in Six Months.
    United StatesCoronavirus (COVID-19)
    TMF Group BV
    TMF Group BV
  • Article

    Federal Reserve Releases Details On Main Street Expanded Loan Facility

    The Federal Reserve released details on a Main Street Expanded Loan Facility (the "Expanded Loan Facility") today.
    United StatesCorporate/Commercial Law
    Polsinelli PC
    Polsinelli PC
  • Article

    Paycheck Protection Program Loan Forgiveness Application Provides Long-Awaited Clarity

    On May 15, 2020, the Small Business Administration, in consultation with the Department of the Treasury, released the Paycheck Protection Program Loan Forgiveness Application...
    United StatesEmployment and HR
    Littler Mendelson
    Littler Mendelson
  • Article

    CFPB Provides Relief To Servicers Offering Loss Mitigation In Wake Of Pandemic

    Earlier this week the CFPB released an interim final rule that allows mortgage servicers flexibility to offer additional short-term loss mitigation options to borrowers impacted by the COVID-19...
    United StatesFinance and Banking
    Mayer Brown
    Mayer Brown
  • Article

    SBA Part Thirty-Five: SBA 7(a), 504, Or Micro-loan Programs Under The Economic Aid Act

    The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), a subpart of the larger Consolidated Appropriations Act, 2021, was signed into law on Dec. 27, 2020.
    United StatesFinance and Banking
    Taft, Stettinius & Hollister LLP
    Taft, Stettinius & Hollister LLP
  • Article

    CFIUS In The Time Of COVID-19: Opportunities (And Risks) In Debt Financing Transactions

    The sudden economic effects of the COVID-19 pandemic have been dramatic in recent weeks, as businesses around the world have been required to suspend—or significantly curb—their commercial operations.
    United StatesGovernment, Public Sector
    Ropes & Gray LLP
    Ropes & Gray LLP
  • Article

    IRS Guidance For The Employee Retention Credit Punishes PPP Borrowers For Not Including Nonpayroll Costs In PPP Loan Forgiveness Application

    The IRS's Notice 2021-20 provides comprehensive guidance about the Employee Retention Credit (ERC) for 2020 (but not for the 2021 ERC) but imposes a harsh rule that treats similarly ...
    United StatesTax
    Ballard Spahr LLP
    Ballard Spahr LLP
  • Article

    IRS Provides Relief For Nonresident Aliens Affected By COVID-19 Travel Disruptions

    Because of travel restrictions, such as canceled flights and stay-at-home orders, the COVID-19 pandemic may have significantly limited a nonresident alien's ability to leave the United States.
    United StatesTax
    Ogletree, Deakins, Nash, Smoak & Stewart
    Ogletree, Deakins, Nash, Smoak & Stewart
  • Article

    COVID-19: EU Issues Guidelines Regarding Screening Foreign Investment In Connection With Industries Critical For Combating COVID-19

    The Guidelines offer guidance to be applied within the context of the recently-adopted framework for EU screening and review of FDI (FDI Screening Regulations).
    European UnionGovernment, Public Sector
    WilmerHale
    WilmerHale
  • Article

    Congress Makes PPP Loans More Flexible For Borrowers

    On June 3, 2020, Congress sent bipartisan legislation to modify the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) to President Donald Trump for his signature.
    United StatesCoronavirus (COVID-19)
    Holland & Knight
    Holland & Knight
  • Article

    Local Government Laws Updated To Deal With COVID-19 And States Of Emergency

    On Monday, May 4 Governor Roy Cooper signed two COVID-19 relief bills into law: House Bill 1043 and Senate Bill 704.
    United StatesCoronavirus (COVID-19)
    Ward and Smith, P.A
    Ward and Smith, P.A
  • Article

    Self-Employed Borrower's Income – Is The Past Necessarily Prologue?

    In a new era of double-digit unemployment resulting from the COVID-19 pandemic, it may be tough for a mortgage lender to predict the amount and stability of someone's income in order to...
    United StatesCoronavirus (COVID-19)
    Mayer Brown
    Mayer Brown
  • Article

    Overview Of Federal Coronavirus (COVID-19) Stimulus Measures

    As was the case following September 11, and during the Great Recession, President Trump and Congress have managed to bridge partisan divides and quickly develop several legislative packages to address...
    United StatesGovernment, Public Sector
    Akin
    Akin
  • Article

    COVID-19: NJ HMFA Provides Small Landlord Emergency Grant Availability For COVID-19 Impact – Round 2 Funding

    Earlier this morning on 9-29-20, the New Jersey Housing Mortgage and Finance Agency (NJHMFA) announced the expansion and reopening of its Small Landlord Emergency Grant (SLEG) Program...
    United StatesReal Estate and Construction
    Duane Morris LLP
    Duane Morris LLP
  • Showing 941–960 of 1469 results

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