On Friday evening August 7, 2020, U.S. President Donald Trump signed a presidential memorandum on, “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster”. While the memo (some have erroneously titled this an executive order) claims to help employees by deferring payroll tax collection until 2021, it creates a massive tax risk for ... [Read more]

The Team at Alliance Law Firm International PLLC wishes all who celebrate a happy 4th of July. May it bring light and hope in to our lives.

Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Tax Benefits for Individuals

On March 27, 2020, Congress passed and the administration signed the third in a series of major Coronavirus relief bills called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The purpose of the Bill is to stimulate the American economy during the Coronavirus pandemic. The CARES Act is arguably the largest change to ... [Read more]

On March 27, 2020, Congress passed and the administration signed the third in a series of major Coronavirus relief bills called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The purpose of the Bill is to stimulate the American economy during the Coronavirus pandemic. The CARES Act is arguably the largest change to ... [Read more]

Telecommunications company Centel set up an auction to sell itself in the late 1990s.  Several prospective buyers toured its facilities, which was made public along with news that many would not submit bids.  Nevertheless, Centel represented preparations for the auction to be going “smoothly.”  No acceptable bids were ultimately received at auction, prompting Centel to ... [Read more]