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Kirk Mitchell

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Next Round of Coronavirus Economic Stimulus on the Way

After months of negotiating, Congress has finally agreed to additional COVID-19 relief. The Emergency Coronavirus Response Relief Act, 2021, expected to
Tax
Kirk Mitchell | 11.4.2020

Preliminary Observations on Tax Implications of 2020 Elections

It’s 6:00 a.m. on Wednesday, November 4; the day after the theoretical election day. Two critical national election outcomes are still unknown: Who

Deferral of Employee OASDI Withholding Set to Begin on September 1 – Limited Guidance Issued

Late on the afternoon of August 28, the IRS and U.S. Treasury released Notice 2020-65, providing limited guidance surrounding deferral of the required

Update on Executive Order Deferring Withholding of Employee Social Security Taxes – What Should an Employer Do?

It’s been almost two weeks since President Trump’s August 8 executive order “directing the Secretary of the Treasury to use his authority”

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Executive Order Deferring Withholding of Employee Social Security Taxes

On Saturday, August 8, President Trump issued an Executive Order “directing the Secretary of the Treasury to use his authority” under Section

The Supreme Court and Affordable Care Act Constitutionality - Protecting Your Ability to Recover Prior Year Federal Taxes

The U.S. Supreme Court has agreed to hear a case regarding the constitutionality of the Affordable Care Act (ACA). Without going into all the details,

House Democrats Release Details of Proposed HEROES Act

This article contains information that is current as of mid-day May 14, 2020. Check back soon for updated information on the HEROES Act. On May 12, House

Deductions Disallowed for Expenses Related to Payroll Protection Program Loan Forgiveness

On April 30, 2020 the IRS released Notice 2020-32 (the Notice) answering a major tax question involving the Paycheck Protection Program (PPP); understandably,

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The Employee Retention Credit – Significant IRS Guidance Just Released

As discussed in our article on March 30, “2020 CARES Act - The Employee Retention Credit”, the CARES Act (the Act) provided for a new employer

CARES Act Net Operating Loss Guidance Issued

The Tax Cuts and Jobs Act of 2017 reduced the ability of most businesses to carry-back net operating losses while providing for unlimited carryforwards.

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