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  • IRS Announces Form 1099-C Not Required for PPP Loan Forgiveness

    IRS Announcement 2020-12 notifies lenders that they should not file IRS Form 1099-C with the IRS or furnish it to borrowers to report the amount of qualifying forgiveness with respect to covered loans made under the Paycheck Protection Program (PPP).

  • 63 McGlinchey Attorneys recognized in Best Lawyers in America® 2021

    McGlinchey proudly announces that 63 attorneys have been recognized in 42 practice areas across 12 offices in the 2021 edition of The Best Lawyers in America® and the Inaugural Edition of Best Lawyers: Ones to Watch, including 47 listed by Best Lawyers, 4 designated as “Lawyers of the Year,” and 16 recognized in “Ones to Watch.".

  • Thoughts on the Main Street Lending Program

    Relying on the CARES Act, the Federal Reserve Board established the Main Street Lending Program to facilitate lending to small and medium-sized businesses in order to help maintain operations until conditions normalize. The program provides a relatively low-risk mechanism for banks to stretch beyond their traditional credit boxes and make funds available to borrowers strugglingMore

  • McGlinchey Launches Podcast That Brings You “More”

    McGlinchey Stafford is pleased to announce the launch of its podcast, “More With McGlinchey,” available now where you listen to podcasts. “We know our clients look to us to cut through the noise in distilling the issues that matter to them,” said Rudy Aguilar, McGlinchey’s Managing Member. “We’re committed to providing information where our audienceMore

  • IRS Proposes New Like-Kind Exchange Regulations

    The 2017 Tax Cut and Jobs Act (TCJA) limited like-kind exchanges occurring after 2017 to “real property held for productive use in a trade or business or investment if such real property is exchanged for real property of a like kind …” Taxpayers can no longer defer gain on the exchange of personal property orMore

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