Search results for Cares Act

From CARES Act Relief to CARES Act Enforcement: PPP and ERC Risks Are Rising

When Congress passed the CARES Act in March 2020, it did more than inject liquidity into the economy through programs like the Paycheck Protection Program (PPP)....By: Offit Kurman

From CARES Act Relief to CARES Act Enforcement: PPP and ERC Risks Are Rising

When Congress passed the CARES Act in March 2020, it did more than inject liquidity into the economy through programs like the Paycheck Protection Program (PPP)....By: Offit Kurman

IRS updates guidance on educational assistance programs

The IRS posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage of the One Big Beautiful Bill Act.

$10 million relief program for OК»ahu residents' sewer bills

The City and County of Honolulu has launched the CARES program to provide up to $240 per year in sewer bill credits for eligible OК»ahu residents with income at or below 80% of the...

Congress Passes SBIC Reform Bill Expanding Private Capital and Leverage Limits

Key Takeaways - The Senate passed the Investing in All of America Act of 2025 on April 15, 2026. The Act now awaits the President’s signature to become law....By: Polsinelli

HHS’s AERO Initiative: What Hospitals Need to Do Right Now

Key Takeaways - HHS launched the AERO initiative on May 21, using AI to re-score at least five years of Single Audit Act compliance data for federally funded entities receiving mor...

New IRS FAQs Impact Employer Educational Assistance Programs

The IRS recently revised its FAQs (IRS FS-2026-10) addressing educational assistance programs under Internal Revenue Code Section 127. This updated guidance replaces the FAQs issue...

21st Century ROAD to Housing Act: Impact on Large Institutional Investors

On March 10, 2026, H.R. 6644, the 21st Century ROAD to Housing Act (Act), which is co-sponsored by Senators Elizabeth Warren and Tim Scott, passed the Senate and will return to the...

COVID-19 disaster relief case has implications for timely refund claims

National Taxpayer Advocate Erin Collins explained what affected taxpayers need to do in response to the Court of Federal Claims’ holding that a taxpayer’s refund claim filing deadl...

SBIR/STTR Reauthorization Brings New Opportunities and New Diligence Expectations

After a brief lapse, Congress has reauthorized the Small Business Innovation Research and Small Business Technology Transfer programs through Fiscal Year 2031. President Trump sign...

Bill Seeks to Expand Access to Federal Reserve Payment Systems

On April 23, 2026, Rep. Young Kim (R-CA) and Rep. Sam Liccardo (D-CA) introduced a bill in the House of Representatives entitled the Payments Access and Consumer Efficiency (PACE)...

FEMA approves $657M to reimburse states for backlog of public assistance

U.S. Department of Homeland Security Secretary Markwayne Mullin announced that FEMA has released more than $657 million in funding to reimburse for COVID-19 expenses. The funding w...

Feds to the Rescue: Spirit Airlines Could Get $500M Lifeline

IRS Clarifies Tax-Free Educational Assistance Cap to Adjust With Inflation Beginning in 2027

On April 20, 2026, the Internal Revenue Service (IRS) issued new guidance on changes made by the 2025 One Big Beautiful Bill Act (OBBBA) to educational assistance programs under Se...

The One Big Beautiful Bill Changed R&D Tax Rules. Here’s What it Means for Your Business.

The R&D Tax Credit changes made in summer 2025 allow taxpayers meeting certain criteria to make a retroactive election to deduct, versus amortize research and experimentation (...

A New Federal Framework for Education Philanthropy: What Tax-Exempt Organizations Need to Know About Section 25F

The enactment of Section 25F of the Internal Revenue Code—part of the One Big Beautiful Bill Act (P.L. 119-21)—is one of the most significant developments in education-related tax...

SBA sends $22B+ in suspected fraudulent COVID-19 era loans to Treasury for collection

On April 24, the SBA announced that it has referred approximately 562,000 suspected fraudulent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster Loan (EIDL) loan...

Senators Introduce Bipartisan Legislation to Significantly Improve Federal Tax Administration and Procedure

On February 26, 2026, Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) introduced the Taxpayer Assistance and Service Act, a bipartisa...

SBIR/STTR Reauthorization Brings New Opportunities and Obligations to Consider

Yesterday, President Trump signed the Small Business Innovation and Economic Security Act (the Act) into law. This concludes a more than six month lapse in the Small Business Innov...

Massachusetts Federal Court Halts ACTS Survey in Seventeen States

On April 3, 2026, A federal court in Massachusetts granted a preliminary injunction halting enforcement of the U.S. Department of Education’s (ED) Admissions and Consumer Transpare...

Warren, 30+ Senators Urge Full Funding for Federal Student Aid Amid Trump Admin Efforts to Illegally Dismantle Education...

Federal Government Phasing Out Special Student Relief

Federal Government Phasing Out Special Student Relief Sara Weissman Tue, 05/05/2026 - 03:00 AM Byline(s) Sara Weissman

'Trump Accounts' for kids: How the program works and when it begins

A new federal program passed under the One Big Beautiful Bill Act aims to help children build savings from birth by offering a $1,000 seed payment from the government.

New Executive Order Regarding IRA Enhancements

On April 30, 2026, President Trump signed an Executive Order (the “Order”) designed to expand access to retirement savings for the tens of millions of American workers who currentl...