Upcoming Seminars: Fall-Winter 2020

Friday, November 13, 2020 from 9:00 am to 12:30 pm Location: Live Video Conference Host: Boston Tax Institute Speaker: Cory J. Bilodeau, Esq., LL.M. Topic: Partnerships, Partners and LLCs Partnerships, Partners and LLCs: Topics include an overview of… Read More
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Annual Federal and State Tax Update

This year McLaughlinQuinn LLC will be holding the Federal and State Tax Update as two 4-hour video seminars. The video seminar will be via Zoom and instructions on accessing the seminar will be sent the week prior to the event to registered attendees… Read More
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Tax-Payer Friendly Changes at the Rhode Island Secretary of State

Rhode Island Secretary of State filings for mergers and dissolutions no longer require a tax letter of good standing (LOGS) from the Rhode Island Division of Taxation. This change, proposed to the legislature by the Rhode Island Secretary of State, h… Read More
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PPP Loan Forgiveness - Will S-Corporation Shareholders Receive a Step-Up in Stock Basis?

The CARES Act established the Paycheck Protection Program, providing critical liquidity to small businesses to fund payroll costs during the early stages of the Coronavirus pandemic. Referred to as “PPP Loans,” the Paycheck Protection Program is… Read More
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Professional Excellence in Law Awards 2020

McLaughlinQuinn LLC, the region’s “go to” tax law firm, congratulates partners Tom Quinn, Cory Bilodeau and Jeff Cianciolo and senior tax counsel, Kathryn Windsor on their Professional Excellence in Law awards. Tom specializes in ba… Read More
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SBA Issues New Guidance on PPP Loan Forgiveness

The SBA has issued formal guidance in the form of an ‘interim final rule’ detailing the Paycheck Protection Program (“PPP”) loan forgiveness application process. The interim final rule provides guidance to accompany the forgiveness ap… Read More
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Did the Coronavirus Kill Off the "Wet Ink" Signature?

The Paycheck Protection Program (PPP) triggered the largest use of electronic signatures for a commercial loan program in US history. Commercial lending is a particularly conservative practice, where delivering “wet ink” originals has bee… Read More
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IRS COVID Related Relief - Opportunity Zone and 1031 Exchange Deadlines

The IRS’s extensions for filing 2019 individual and business tax returns have had a significant impact on taxpayers and tax preparers alike. What should not be overlooked is that these extensions are part of a comprehensive effort by the IRS to… Read More
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No Extension for Rhode Island Sales Tax Returns: Filing and Payment Due April 20th

Advisory 2020-16 issued by the Rhode Island Division of Taxation on April 15, 2020 confirms that not all deadlines are extended. The deadline to file March Sales and Use Tax returns and remit payments remains April 20, 2020. The Monday deadline is al… Read More
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IRS Announces Taxpayer Relief Due to Health Emergency

The IRS is taking extraordinary steps to help taxpayers impacted by the COVID-19 pandemic. Titled the “People First Initiative”, the IRS has announced immediate and sweeping changes to its compliance and collection programs. These changes provide… Read More
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