Brady Ware News

FATCA Reporting Deadline Extended

IRS Extends FATCA Reporting Deadline to July 15 Because of the ongoing novel coronavirus (COVID-19) crisis, the IRS has granted an extension to file Form 8966, “FATCA Report,” for Reporting Model 2 Financial Institutions and Participating Foreign Financial Institutions. Here are some key details. Background on Filing The Foreign Account Tax Compliance Act (FATCA) requires…

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HEROES Act: Details Available

HEROES Act: What We Know Late Friday, May 15, 2020, the U.S. House of Representatives passed a $3 trillion coronavirus stimulus bill, H.R. 6800, titled the “Health and Economic Recovery Omnibus Emergency Solutions Act” (HEROES Act).  The 1,815-page bill is very broad and contains provisions impacting businesses, individuals, farmers, state and local governments, recipients of certain…

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Best Practices: Working from Home

Working from Home? Make the Most of the Opportunity Have you been working from home to comply with the social distancing measures related to the novel coronavirus (COVID-19) pandemic? Or perhaps your employer has closed the office and is requiring you to work from home. If so, you know there are a multitude of challenges….

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College Costs During the Pandemic

Maximize Your Return on College Investment during the Pandemic College is a major investment. But, if campuses remain shuttered in the fall due to the novel coronavirus (COVID-19) pandemic, will your student get his or her money’s worth from virtual classes? Though universities may provide rebates for unused room and board costs, they’re unlikely to…

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SBA Good Faith Certification for PPP Loans

Anticipated Guidance Issued From the SBA Regarding Good Faith Certification Related to PPP Loans by Anita Anand, JD The Paycheck Protection Program enacted as part of the CARES Act on March 27, 2020, recently garnered attention on the recipients of the loans. Specifically, the media identified public companies that received the loans and were viewed by…

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