Firm Insights

Sweet Relief: Stimulus Bill Would Confirm PPP Borrower Tax Relief – Consolidated Appropriations Act of 2021

By Laura E. Krebs Al-Shathir / December 23, 2020 / Comments Off on Sweet Relief: Stimulus Bill Would Confirm PPP Borrower Tax Relief – Consolidated Appropriations Act of 2021

On December 21, 2020, Congress passed the much anticipated COVID-19 relief legislation (Consolidated Appropriations Act, 2021 (“CAA, 2021”), sending the bill to President Donald Trump to sign. In CAA 2021, Congress delivered clarity to PPP loan borrowers in confirming that business expenses paid with the proceeds of subsequently-forgiven PPP loans ARE deductible. The bill provides…

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New COVID-19 Relief Bill is Filled with Tax Provisions – Consolidated Appropriations Act of 2021

By Laura E. Krebs Al-Shathir / December 23, 2020 / Comments Off on New COVID-19 Relief Bill is Filled with Tax Provisions – Consolidated Appropriations Act of 2021

On December 21, 2020, Congress passed the much anticipated COVID-19 relief legislation (Consolidated Appropriations Act, 2021 (“CAA, 2021”), sending the bill to President Donald Trump to sign. This relief bill provides for stimulus checks to be mailed to many Americans, a second round of Paycheck Protection Program loans to provide relief for businesses, and numerous…

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The Silk Road and Me: Why My Bitcoin (And Probably Yours, Too) is Safe from Government Seizure

By Sanford J. Boxerman / November 19, 2020 / Comments Off on The Silk Road and Me: Why My Bitcoin (And Probably Yours, Too) is Safe from Government Seizure

Ok, I admit it.  This blog post began purely out of selfishness. I read about the Government’s seizure early this month of $1 billion worth of bitcoin, which the Government justified on the grounds that the bitcoin bore a relationship to a now-shut-down website called the Silk Road.  I’ll talk about the specifics of the…

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