May 2020 - Jeffrey M. Rosenblum, P.C.

Chapter 11 bankruptcy is not the end for small businesses

May 29, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 11

When a big national or international business files for Chapter 11 bankruptcy, it usually makes headlines. However, most of the time, the company stays in business during and after bankruptcy. The same is true for many smaller businesses on Long…

Independent Contractor Alert For Covid 19 Loans

May 15, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Firm News

The SBA released an Interim Final Rule regarding eligibility criteria for self-employed individuals on April 15, 2020. This rule is to supplement the other guidance that has been issued to date. Funding is limited and for this reason we recommend…

IRS Restores Deductibility of Trust & Estate Losses

May 12, 2020
On Behalf of Jeffrey M. Rosenblum, P.C.
Debt Relief, IRS, Personal Bankruptcy, Tax Law

A new IRS proposed regulation brings welcome news to beneficiaries of estates and non-grantor trusts. Beneficiaries will now be able to deduct expenses in excess of income in the final year of the trust or estate. The deductibility of these…