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Cameron Hess

IRS Provides Broad Extension to July 15, 2020

April 16, 2020

The IRS has issued Notice 2020-23 which effectively extends about 300 deadlines in connection with taxpayer filings, elections, payments and administrative actions as well as governmental actions. In a nutshell, multiple actions have been extended to July 15, 2020 involving a broad range of activities. These extensions address both taxpayer concerns and reduced IRS workforces […]

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Service Provides COVID-19 Relief to Section 1031 Tax Deferred Exchanges (Notice 2020-23)

April 16, 2020

Summary Section 1031 exchange agreements with intermediaries affected by COVID-19 may wish to insert the following language: Limited Force Majeure Extension. If, due to a disaster or other unforeseeable circumstances (including COVID-19), the exchanger cannot perform, then the time for the performance of any action required by exchanger for either an identification or completion of […]

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Federally- Backed Multifamily (Affordable Housing) Loans COVID-19 Loan Deferral Program

April 15, 2020

The CARES Act has a major impact on federally-backed funded multi-family communities, and in some instances, may not only delay evictions for 120 days, but in some circumstances may further prevent eviction of non-paying tenants for nearly 1½ years. CARES Act Federal Loan – Tenant Eviction Protection While meaning to do good, the CARES Act […]

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Economic Injury Disaster Loan Assistance

April 15, 2020

Under the CARES Act, the Small Business Administration (SBA) will offer advances and low-interest economic injury disaster loans (EIDL) to small businesses adversely affected by the Coronavirus (COVID-19). Presently, the SBA is taking pre-applications, wherein there are essentially two parts:  (i) a request for an advance that is not repayable; and (ii) a request for […]

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Tenant Assistance Resources Stay-At-Home Order and COVID-19 (Los Angeles County Residents)

April 15, 2020

Dear Tenant: California’s and Los Angeles County’s Stay-At-Home orders affect all residents.  Here are a few of the many public resources that may help you: Employer Paid Sick Leave Under federal emergency legislation, if you cannot go to work or telecommute, your employer may be required to pay you for up to two (2) weeks […]

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Sample COVID-19 Emergency Telework Policy and Acknowledgement

April 6, 2020

COVID-19 EMERGENCY TELEWORK POLICY AND ACKNOWLEDGEMENT I. Purpose. On March 19, 2020, Gavin Newsom issued Executive Order N-33-20 proclaiming a State of Emergency under California law as a result of the threat of COVID-19 (the “Executive Order” or “Stay-at-Home Order”). The Stay-at-Home Order requires compliance with the directive of the State Public Health Officer as […]

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