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Search OptionsInsightsDOL and IRS Pandemic Relief for Group Health Plans and Retirement Plans
Overview On April 29, 2020, the U.S. DOL, Treasury Department and the IRS issued deadline relief and other guidance to aid employee benefit plans and plan participants impacted by the COVID-19 pandemic. The guidance extends certain timeframes… 
IRS Releases FAQs on Tax Treatment of Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under CARES Act
On May 8, 2020, the IRS released two new FAQs related to relief provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) designed to allow higher education institutions to use certain funds allocated by the Department of… 
Commercial Collection Issues in a COVID-19 Economy
The daily news reminds us of the growing grim economic toll wrought by the COVID-19 pandemic. As discussed in some of our prior Alerts, federal, state and local governments have adopted various measures to moderate some of these effects, including… 
If Our Company Gets Sued Because of COVID-19, Will We be Covered by Insurance?
There has been a steady stream of commentary about insurance coverage issues and COVID-19. Most of the commentary has appropriately focused on first-party coverages, in particular Business Interruption or Business Income coverages. First-party… 
Title IX Regulations Issued By The U.S. Department Of Education: Implications for Educational Institutions
On May 6, 2020, the U.S. Department of Education issued its long-awaited Title IX regulations (hereinafter referred to as “the Final Rule”), impacting the potential liability of educational institutions in terms of their response to allegations of… 
UPDATED - Paycheck Protection Program: Confirm the Necessity or Return the Funds
UPDATED - The Small Business Administration issued guidance on May 5th that extends until May 14, 2020 the safe harbor for returning the PPP loan proceeds. Our alert first published on April 30, 2020 has been updated to reflect this and to add some… 
IRS Issues Tax-Exempt Bond Guidance in Response to COVID-19 Pandemic
On May 4, 2020, the IRS provided notice of forthcoming guidance to be published in Internal Revenue Bulletin 2020-22, dated May 26, 2020. Exception for Public Hearing Requirement Revenue Procedure 2020-21 (“RP 20-21”) provides temporary guidance… 
New FAQ Addresses Eligibility of §115 Hospitals for PPP Loans
On Sunday, May 3, 2020, the Small Business Administration (“SBA”) added content to its Frequently Asked Questions (“FAQ”) for the payroll protection program (“PPP”) loans established under the Coronavirus Aid, Relief, and Economic Security Act… 
Further Relief for Indiana Businesses During the Time of COVID-19: Remote Meetings and Suspending Five-Year Limit on Reinstatements
Governor Eric Holcomb recently signed Executive Order 20-23, which provides further relief for Indiana businesses in light of COVID-19. A. Remote Annual Meetings for Corporations and Meetings for Nonprofit Organizations Remote annual meetings… 
Preparing for the (Likely) Coming Wave of Bankruptcies
As the economic fallout from the COVID-19 pandemic continues to rise – for example, J. Crew recently filed bankruptcy, and the financial press is predicting that Neiman Marcus may also file for relief this week – it seems prudent for secured lenders… 
IRS Provides Updated Guidance Related to Recent COVID-19 Releases
Guidance continues to be issued by various governmental agencies regarding the Paycheck Protection Program (the “PPP”) established by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). On April 30, 2020, the Internal Revenue… 
Getting Back on Track: How Indiana Businesses can Create the Plan Required by Governor Holcomb's Executive Order 20-26 to Keep Employees and Patrons Safe by the May 11, 2020 Deadline
As Indiana businesses work to reopen and return employees to the workplace, it is critical to understand the obligations under Governor Holcomb’s Executive Order 20-26 and its “Roadmap to Reopen” issued on Friday, May 1, 2020. Executive Order 20-26… 
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