Tax Controversy News

Be Prepared for COVID Unemployment Income Tax Liability

Aug 5, 2020

As unemployment hits record highs due to the widespread shutdowns prompted by the COVID-19 pandemic, more than 36 million Americans have filed unemployment compensation claims. What many people do not realize is that unemployment benefits – both those available through the state and the additional $600 per week available through July 31 from the federal…

Building Black-Owned Business in Baltimore

Jul 10, 2020

The protests engulfing the country over the last month have not only raised overdue awareness of the criminal justice system, but that they are just a symptom of the legacy of government policies and institutional practices that have advanced and perpetuated racial inequality. As a Baltimore-based law firm, we have reflected on ways that we…

Collection: Tax Collection and the Coronavirus: What Happens After the Pandemic?

Michael J. March | Jun 30, 2020

This article was originally published in the Journal of Tax Practice and Procedure, Volume 22, Issue 2. I. Introduction The coronavirus (“COVID-19”) has touched all our lives in a profound way. For the first time, we are experiencing stay in place orders, mandatory closing of nonessential businesses and extended periods of time in quarantine. The…

Impending Conflicts Created by the Paycheck Protection Program

Brandon N. MourgesBrian J. Crepeau | Jun 4, 2020

Clowns Congress to the Left, Jokers the SBA to the Right, Here Business Owners and Banks Are, Stuck in the Middle of Impending Conflicts Created by the Paycheck Protection Program In March 2020, Congressional leaders “got the feeling that something ain’t right.”  Mass hysteria was building and government-imposed quarantines were all but guaranteed.  Health officials expected millions to…

Paycheck Protection Program: Understanding Key Terms and Zealous Advocacy Likely to Lead to Additional Loan Forgiveness for Many Businesses

Brandon N. Mourges | Jun 4, 2020

As participants in the Paycheck Protection Program (“PPP”) begin to organize information for their loan forgiveness applications, they are likely to be blindsided by a significant number of technical definitions and questions.  On top of that, many are starting to understand that significant amounts of these loans may not actually be forgiven – even if…

For Purposes of the Employee Retention Credit, when is a Business Considered “Fully or Partially Suspended Due to a Governmental Order”?

Brandon N. Mourges | May 12, 2020

Article effective based on date written: May 12, 2020 For businesses struggling as a result of pandemic-related shutdowns, any form of stimulus may be vital to their continued existence.  When the CARES Act[1] became law, many businesses believed that the employer retention credits authorized by section 2301 would see widespread application.  Unfortunately, those impacted by…

Considering Returning Funds from the Paycheck Protection Program? Here’s What You Need to Know.

Brandon N. Mourges | May 11, 2020

Article effective based on date written: May 11, 2020 For those seeking to return funds from the Paycheck Protection Program (“the PPP”) pursuant to the safe harbor, the deadline is fast approaching: May 14, 2020.  While this issue continues to generate publicity, the fear being generated is perhaps unfair to some returning funds for which…

IRS Notice 2020-32: Should Taxpayers Deduct Expenses Resulting in Loan Forgiveness under the Paycheck Protection Program Despite the Contrary Guidance of the Internal Revenue Service?

Brandon N. MourgesBrian J. Crepeau | May 5, 2020

Article effective based on date written: May 5, 2020 Takeaway:  Although the Internal Revenue Service indicates that expenses resulting in loan forgiveness under the Paycheck Protection Program are not deductible, its interpretation is questionable.  Even if Congress does not legislatively address this issue, businesses may consider deducting these expenses based on the intent of the…

Reinforcing Compliance for the Paycheck Protection Program: What Recent Public and Political Developments Mean for Loan Recipients

Brandon N. Mourges | May 4, 2020

Article effective based on date written: May 1, 2020 Takeaway:  Recently implemented rules, public statements of government officials, and the return of funds by some should not compel most businesses to change course; however, recipients of funds from the Paycheck Protection Program should collect and retain documentation to support certifications made with their loan applications,…

Partner Brandon Mourges receives 2020 JD Supra Readers’ Choice Award

Apr 30, 2020

Rosenberg Martin Greenberg is proud to announce partner Brandon N. Mourges received the 2020 JD Supra Readers’ Choice Award as a top author for his visibility and thought leadership in the tax category. The JD Supra Readers’ Choice Awards recognize top authors and firms who were read by C-suite executives, in-house counsel, media, and other…

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