Month: January 2021

Consolidated Appropriations Act Changes the ADS Depreciable Life

The Consolidated Appropriations Act, 2021 (CAA), signed into law on December 27, 2020 by President Trump, included provisions that shorten the depreciable life under the Alternative Depreciation System (ADS) for pre-2018 residential real estate for an IRC Sec. 163(j)(7)(A)(ii) electing real property trade or business.  For residential real estate placed in service prior to January

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Temporary Relief for Late-leased Units in LIHTC Projects

Notice 2021-12 released by the Internal Revenue Service on January 15, 2021 provided various extensions and modifications to the requirements for low income housing tax credits under Internal Revenue Code (IRC) Section 42. Please refer to our earlier blog, IRS Notice 2021-12 Provides LIHTC Relief and Extends Deadlines.   One modification in Notice 2021-12 that

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IRS Notice 2021-12 Provides LIHTC Relief and Extends Deadlines

The Internal Revenue Service issued Notice 2021-12 on January 15, 2021 to grant relief and to extend deadlines for various Low-Income Housing Tax Credit requirements.  Here is a summary of the relief and extensions. Operational relief for the period from April 1, 2020 to September 30, 2021: Building owners are not required to perform income

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Paycheck Protection Program (PPP), Round 2

On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA) was signed into law.  It contains extensions and expansions of the Paycheck Protection Program (PPP), a program included in the Coronavirus Aid, Relief and Economic Security (CARES) Act that allows eligible employers to obtain forgivable loans for certain payroll and non-payroll purposes. The PPP loan

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The Importance of Being Organized at Work

A lack of organization can be a real problem in the workplace. It can affect your productivity levels, and hinders your professional appearance to colleagues and clients. It isn’t just about your professional reputation; implementing daily habits to remain organized can have a positive impact on your overall health and well-being. Feeling unorganized can produce

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How to Ace Your Next Interview

Do Your Homework With an interview in place, it’s now time to learn as much about the firm and position as possible. Gathering background information allows you to tie your qualifications back to the firm during your interview. The employer will expect you to know a few things about the firm and if you will

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Employers: Register for the CalSavers Retirement Program

The California State Treasurer’s office has begun sending email reminders to California employers to register for the CalSavers Retirement Savings Program (CalSavers). CalSavers was passed into law in 2016.  California employers with five or more employees, and at least one of whom is age 18 or over, are required by state law to participate in

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