The Department of the Treasury and the Internal Revenue Service (IRS) postponed filing and tax payment deadlines for individuals, businesses, trusts, and estates in a series of notices published over the past few weeks.

The notices directly affect the deadlines for filing and paying income tax, estate tax, gift tax, and generation-skipping transfer tax.

IRS Notice 2020-18 provided relief for individual federal income tax return filing and payments due on April 15, 2020. Individual taxpayers must file and pay federal income taxes by July 15, 2020, to avoid accruing interest or penalties on unpaid federal income taxes for the 2019 tax year.
Continue Reading Treasury and IRS Extend Tax Deadlines for Individuals, Businesses, Trusts, and Estates

On Thursday, April 23, the Small Business Administration (SBA) and United States Department of Treasury released a new question 31 and related answer as a supplement to the Paycheck Protection Program (PPP) Loan Frequently Asked Questions (FAQs), which they previously published and have periodically updated since the program began. The recent addition, which is quoted below, appears to us to demonstrate the effects that public pressure is having on the SBA following the inability of a number of small businesses to participate in the first round of PPP funding:
Continue Reading Updated FAQ Issued Regarding the Paycheck Protection Program and Qualification for Loans

Residents of Houston, Texas held their breath once again on September 17, 2019, as Tropical Storm Imelda made landfall. The storm inundated the city with 43 inches of rain, making it the fourth-wettest tropical cyclone in the history of Texas and the fifth-wettest in the history of the continental United States.

The Texas

Deadline approaching: Friday, October 7, 2016, is the last day for Baton Rouge homeowners to apply for private property debris removal related to the August flood. The Associated Press reports the program allows for debris collection to go beyond curbside and into yards, with a signed right of entry agreement from a homeowner. Renters