The Impact of Your Stimulus Payment on Medicaid Benefits

by Erika Apelis | May 7, 2020 | Individuals and Family

By Erika Apelis If you or your loved one received a CARES Act stimulus payment, you may be concerned about the impact of the payment on Medicaid benefits. We are still waiting on official guidance from the Ohio Department of Medicaid, but the CARES Act, federal...

PPP Update: Safe Harbor Deadline Extended to May 14, 2020

by Demetrius Robinson | May 6, 2020 | Finance, Government

By Demetrius Robinson & Kevin O’Connor  [5/13/2020 UPDATE: The SBA has issued new FAQ #47 extending the repayment date for the safe harbor to May 18, 2020] The SBA, in consultation with the Treasury Department, has extended the safe harbor date – created to...

Your Lender Requested You Consent to a Receiver: Do You Have an Option?

by Justine Konicki | Apr 26, 2020 | Finance, Real Estate

By Justine Lara Konicki Amidst worry over COVID-19, many borrowers are prudently reviewing their loan documents to ensure that they remain compliant and as secure as possible in these uncertain times. But what happens if a default on your loan is triggered during this...

Using Net-Operating Losses to Decrease Tax Liability in Light of COVID-19

by Demetrius Robinson | Apr 21, 2020 | Finance, Government

Tax Alert: IRS Issues Additional Guidance on Tentative Carryback Adjustments for Net Operating Losses (NOL) Under the CARES Act By Demetrius Robinson & Kevin O’Connor On April 9, the IRS issued additional guidance related to carrying back net operating losses...

More Funding for SBA Paycheck Protection Program: What Businesses Need to Know

by Justine Konicki | Apr 21, 2020 | Finance, Government

By Justine Lara Konicki & Peggy Beistel [UPDATED 4/23/2020 @ 6:20 p.m.] In a 388-5 vote, the House has passed expanded funding for the SBA’s Paycheck Protection Program. The $484 billion relief package would replenish the PPP small-business loan program,...