NEWS & INSIGHTS

COVID-19 Relief for Estate and Gift Q&A from the I.R.S.

COVID-19 Relief for Estate and Gift Q&A from the I.R.S.

On April 23, 2020 the IRS posted information on issues raised by the COVID-19 relief time extension granted to taxpayers to fulfill their estate, gift and generation-skipping tax obligations. Here are the questions and answers provided by the I.R.S. posted by Wayzata business attorneys Sanford, Pierson, Thone & Strean.

UPDATE: SBA Loan Eligibility FAQs

West Metro business lawyers Sanford, Pierson, Thone & Strean share frequently asked questions about SBA loan eligibility.

CARES Act Programs and Initiatives for Small Businesses

On March 27, President Trump signed into law the CARES Act intended to assist business owners.  Major programs and initiatives in the act include: Paycheck protection program loans, Small business debt relief program, Economic injury disaster loans and emergency injury grants, Small business counseling, Small business Contracting, Small business tax provisions. The U.S. Senate Committee on Small Business & Entrepreneurship has put together “The Small Business Owner’s Guide to the CARES Act” which details the provisions in the act.  Click here to view the guide.