Modifications and Relief for Retirement Plans

The Consolidated Appropriations Act, 2021 provides emergency assistance and health care response for individuals, families and businesses as a result of the Coronavirus (COVID-19) pandemic. The Act also provides relief…

Mortgage Insurance Premium Deduction Extended

The recently signed Consolidated Appropriations Act 2021 includes a one-year extension of the mortgage insurance premium deduction as qualified residence interest paid or accrued through December 31, 2021. Premiums paid…

Re-Opening of the Paycheck Protection Program

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, recently announced the re-opening of the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers….

New Stimulus Package Information

The U.S. House of Representatives and U.S. Senate passed the Consolidated Appropriations Act, 2021 (bill), a massive tax, funding, and spending bill that contains a nearly $900 billion coronavirus aid…

Legislation Regarding Expenses and PPP Funds

The team at Crosslin wanted to share a glimmer of good hope that expenses paid with the Paycheck Protection Program (PPP) funds may become deductible based on the latest bill…