COVID-19 Health Crisis Update
McDowell Rice will continue to serve our clients’ legal needs through the evolving coronavirus (COVID-19) challenges. We remain committed to providing the same excellent legal counsel and client service we strive to deliver every day.
During the COVID-19 crisis, you may have more legal questions and concerns than ever. McDowell Rice is here to help you. You can reach us by phone (816-753-5400) or email as always. Our technology allows remote work with full access to resources used to advise clients.
McDowell Rice is carefully monitoring the ongoing COVID-19 developments. This page will contain alerts and updates related to the virus and any impact on businesses. The laws are currently changing and evolving each day.
For more than 70 years, our priority has been to work hard for our clients to help them run their businesses, operate their banks and navigate the complexity of their individual situations. The challenges we all face now are complex and we remain committed to that priority, especially when our clients need us most.
-Kristie Remster Orme, President
COVID-19 Task Force
Acceleration of Corporate AMT Liability Credit
CARES Act Retirement Account Provisions
Certain SBA Loan Debt Forgiveness
Charitable Deduction Liberalizations
Coronavirus Aid – Stimulus Checks
Deferral of Noncorporate Taxpayer Loss Limits
Detailed Summary of the CARES (Coronavirus Aid, Relief, and Economic Security) Act
Employee Retention Credit for Employers and Payroll Tax Assistance
Guidance from IRS on NOLs under CARES Act
IRS Extends More Tax Deadlines to Cover Individuals
Pension Funding Delay
Quick Guide to Small Business Relief Loans
Relaxation of Business Interest Deduction Limit
Summary of Families First Coronavirus Response Act (FFCRA) Technical Correction to Restore Faster Write-Offs
Temporary Relief Because of COVID-19 in IRS Collection Matters
Families First Coronavirus Response Act (“FFCRA”) Employer Paid Leave Requirements: https://www.dol.gov/agencies/whd/pandemic/ffcra-employer-paid-leave
Federal Government Response to COVID-19: https://www.usa.gov/coronavirus
Kansas City, Missouri Department of Health Updates: https://www.kcmo.gov/city-hall/departments/health/coronavirus
Kansas Department of Health and Environment Updates: https://govstatus.egov.com/coronavirus
Missouri Department of Health and Senior Services Updates: https://health.mo.gov/living/healthcondiseases/communicable/novel-coronavirus/
Payroll Protection Program (“PPP”) SBA Loans: ;https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
U.S. Chamber of Commerce: https://www.uschamber.com/coronavirus-response-toolkit
U.S. Department of Labor COVID-19 Information: https://www.dol.gov/agencies/whd/pandemic
U.S. Department of Labor FMLA Guidance: https://www.dol.gov/agencies/whd/fmla/pandemic
U.S. Department of Labor Information Regarding the Families First Coronavirus Response Act (FFCRA): https://www.dol.gov/agencies/whd/ffcra
US Treasury Updates Guidance on PPP Program (April 6, 2020): https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequenty-Asked-Questions.pdf