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Archive for September 14th, 2021

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Unknown Gift Tax Return Could Be Reasonable Cause for Late Filing

Unknown Gift Tax Return Could Be Reasonable Cause for Late Filing A missing or unknown federal gift tax return could constitute reasonable cause for the late filing of an estate tax return. To understand the appropriate steps to take after the decedent’s death, the executor was in contact with the decedent’s tax preparer, a family […]

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apresti

Economic Injury Disaster Loan (EIDL) Program Updates

September 10, 2021 Dear Clients, Colleagues and Friends, On September 8, 2021, the U.S. Small Business Administration announced that it is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting on October 8, 2021, for loans greater than $500,000, the SBA is increasing […]

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