On April 30, 2020, Notice 2020-32 was issued, which stated that expenses paid for by Paycheck Protection Program (“PPP”) loan funds that are forgiven are not deductible for tax purposes.  Since the issuance of Notice 2020-32, many wondered whether a taxpayer that received a PPP loan and paid otherwise deductible expenses can deduct those expenses in the tax year in which the expenses were paid or incurred if, at the end of that tax year, the taxpayer has not received a [...]

Levene Gouldin & Thompson, LLP, has been named a Tier 1 “Best Law Firm” in Binghamton for seven of its practice areas by US News - Best Lawyers® "Best Law Firms" in 2021. LG&T received Tier 1 rankings in the following areas: Business Organizations (including LLCS and Partnerships); Commercial Litigation; Elder Law; Litigation - Labor & Employment; Medical Malpractice Law - Defendants; Real Estate Law; and Trust & Estates Law. LG&T received a Tier 2 ranking [...]

The CDC recently updated its definition of “close contact.”  Previously, the CDC defined “close contact” as being within 6 feet of an infected person for 15 consecutive minutes. Now, the CDC defines it as being “within 6 feet of an infected person for a cumulative total of 15 minutes or more over a 24-hour period starting from 2 days before illness onset (or, for asymptomatic patients, 2 days prior to test specimen collection) until the time the patient is [...]

 On April 3, 2020 Governor Cuomo signed a bill amending the Labor Law requiring New York employers to provide sick leave to all employees; accrual and recordkeeping obligations became effective September 30, 2020 New York has now released a summary of this new law available here: https://www.ny.gov/new-york-paid-sick-leave/new-york-paid-sick-leave New York has also released a FAQ document, available here: https://www.ny.gov/sites/ny.gov/files/atoms/files/PSL_FAQ_PaidSickLeaveFAQ.pdf  [...]

Spousal Support (Maintenance) in New York Spousal Support in New York is called maintenance. Many years ago it was referred to as “alimony”. Today maintenance is generally determined by a formula that compares the income of the spouses, with the higher income spouse paying maintenance to the lower income spouse. There are basically two formulas in New York for maintenance. The lower formula is used when child support is also being paid by the higher income spouse to the lower income [...]

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