by SteinLaw | Apr 9, 2020 | CARES Act
The Coronavirus Aid, Relief and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed... 
by SteinLaw | Apr 8, 2020 | CARES Act
Code Sec. 139(a) permits individuals to exclude a “qualifying disaster relief payment” from income. Code Sec. 139 applies when, among other factors, the President declares a “disaster”. A “qualified disaster” includes, an event declared a... 
by SteinLaw | Apr 7, 2020 | CARES Act, taxes
President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act”). This is the 3rd piece of legislation addressing the economic impact of the COVID19 pandemic. The first was the $8.3 billion spending bill on March 6 and the second was...