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Author Archive for Steve Grgas

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Coronavirus-Related Distributions and Plan Loan Guidance

Coronavirus-Related Distributions and Plan Loan Guidance The IRS has issued guidance on coronavirus-related distributions and plan loans. The guidance presents the rules set out in Act Sec. 2202 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act ( P.L. 116-136); adds three new categories to the list of individuals who qualify due to adverse financial […]

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For Businesses With 3 to 20 Employees – US Chamber of Commerce Small Business Grant Fund

For Businesses With 3 to 20 Employees – US Chamber of Commerce Small Business Grant Fund April 20, 2020 Dear Clients, Colleagues and Friends, The US Chamber of Commerce has launched the “Save Small Business Grant Fund”. Funded by contributions from corporate and philanthropic partners, the program provides $5,000 supplemental grants for small employers with […]

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Cybersecurity & COVID-19

Cybersecurity & COVID-19 April 4, 2020 Dear Clients, Colleagues and Friends, Unfortunately, cyber criminals are capitalizing on the outbreak through phishing attacks and other intricate scams. The Internal Revenue Service warns all to be on the lookout for a surge of calls and email phishing attempts around COVID-19 and stimulus payments/programs that can lead to […]

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Help for Real Estate Agents/Brokers RE: COVID-19

Help for Real Estate Agents/Brokers RE: COVID-19 March 30, 2020 To all REBNY Members and the entire Real Estate Agent/Broker Community,  Our firm has dedicated our resources to assisting the Real Estate Agent and Broker community in response to COVID-19 and it’s impacts. We are constantly reviewing federal and local guidance to provide you with […]

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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) March 28, 2020 Dear Clients, Colleagues and Friends, The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was officially signed into law by President Trump yesterday. The legislation is the largest emergency aid package in US history. The CARES Act is intended to provide a […]

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Angélique Kidjo Wins Best World Music Album For ‘Celia’ | 2020 GRAMMYs

Angélique Kidjo takes home Best World Music Album for ‘Celia’ at the 62nd GRAMMY Awards By John Ochoa – GRAMMYs Jan 26, 2020 Angélique Kidjo won Best World Music Album for Celia at the 62nd GRAMMY Awards. This marks her fourth win in the category and fourth GRAMMY win overall.  During her acceptance speech, Kidjo celebrated a new […]

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Hopes for Year-End Tax Extenders Package Appear Dwindling

Hopes for Year-End Tax Extenders Package Appear Dwindling Hopes for a year-end tax extenders package appear to be dwindling on Capitol Hill. Tax Extenders Need a Legislative Vehicle Over 30 expired or soon-to-be expired tax breaks known as tax extenders were originally considered a top contender for hitching a ride on a larger, must-pass government […]

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New Rules Proposed on Charitable Contribution Related to SALT Benefits

New Rules Proposed on Charitable Contribution Related to SALT Benefits The IRS has released new proposed rules related to charitable contributions made to get around the $10,000/$5,000 cap on state and local tax (SALT) deductions. The proposed regulations: incorporate the safe harbor in Notice 2019-12 for individuals who have any portion of a charitable deduction […]

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sgrgas

Final Regulations Issued on CFC Related Person Rules, Active Trade or Business Exception

Final Regulations Issued on CFC Related Person Rules, Active Trade or Business Exception Final regulations provide rules on the attribution of ownership of stock or other interests, for determining whether a person is a related person with respect to a controlled foreign corporation (CFC) under the foreign base company sales income rules. The regulations also […]

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