Business & Tax Blog

The IRS has released guidance on certain business tax provisions of the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. Released on Friday, April 10, Rev. Proc. 2020—22 informs taxpayers how to make certain elections with respect to the newly relaxed business interest expense limitation and provides real estate and…

In response to requests to provide guidance on the impact of mortgage loan forbearance programs on the tax treatment of securitization vehicles, such as real estate mortgage investment conduits (“REMICs”) and investment trusts, the IRS issued Revenue Procedure 2020-26. The IRS establishes that forbearance programs offered as COVID-19 relief will…

Among the many federal agency actions taken in response to the health and economic consequences of the COVID-19 outbreak is an interesting and much-unpublicized one related to the Stark Law, a healthcare fraud and abuse law that prohibits physicians from referring patients for certain designated health services paid for by…

Healthcare providers should note that HHS has deposited funds in many of your bank accounts. The funds are from two programs, the CMS Accelerated and Advance Program and the CARES Act Provider Relief Fund. The CMS Accelerated and Advance Program is a loan against future payments from government healthcare programs…

On April 9, 2020, Florida’s Department of Emergency Management issued a memorandum adding “essential services” for purposes of the Safer-at-Home Executive Order 20—91, which will be effective April 3 through April 30, 2020, and was recently clarified by FAQs. The memorandum expands the list of “essential services” in Florida to…