On March 25, 2020, the U.S. Senate approved the proposed Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”),…
Client Alert: SBA Expands Disaster Loans Under the Families First Coronavirus Response Act
The U.S. Small Business Administration (“SBA”) administers an existing program whereby the SBA directly provides low-interest Economic Injury Disaster Loans…
Client Alert: Income Tax Deadlines Postponed
On Friday, March 20, 2020, the IRS issued Notice 2020-18 with respect to taxpayers’ 2019 returns and estimated taxes for…
GEABP Alert – “SECURE Act” Limits Estate Planning with Retirement Accounts
A new federal law that was recently passed made significant changes to the tax treatment of retirement accounts. Our Client…
Client Alert: New York Legislation Eliminates Any Requirement that a Plaintiff Prove that Harassment was “Severe and Pervasive”
In a major change that will likely result in an increase in workplace discrimination (including sexual harassment) claims, particularly outside…
Client Alert: Proposed Income Tax Regulations May Affect Private Equity Funds and Other Partnerships that Have Direct or Indirect Foreign Investors
On May 7, 2019, the U.S. Treasury proposed new federal income tax regulations (REG-105476-18) to provide additional guidance on a…
Client Alert: New York Extends Three Year Add Back Rule Penalizing So-Called Death Bed Gifts
In 2014 New York enacted estate tax legislation which added back to the taxable estate the value of certain gifts…
Client Alert: Recently Finalized Regulations Impact Partnerships and Members
The Treasury Department issued comprehensive final regulations on December 21, 2018 regarding the new partnership audit regime. A domestic limited…
Those with Qualified Personal Residence Trusts may see more audit activity from the IRS and state tax departments
Donald Hamburg, a partner in GEABP’s Trusts & Estates group, has just published a Client Alert entitled “Qualified Personal Residence…