February 2021 - Pinion

What to Do with Fraudulent Unemployment Claims and Receipt of a 1099-G

August 28, 2023February 25, 2021 by Kerry Hatzenbuehler

Reading Time: 2 minutes

Scammers are taking advantage of the COVID-19 pandemic and states across the country are seeing an increase in reports of Fraudulent Unemployment Claims due to identity theft. It’s important to know what to do – as family members, employees, and customers may be looking for help after receiving notice that …

TEFRA Revisited: Be Careful to Consider Tax Implications

August 10, 2023February 25, 2021 by Sandy Sporleder

Reading Time: < 1 minute

As we’re preparing tax returns, we’ve noticed a lot more activity in non-bank-qualified bonds. As you’re pricing these bonds, you’ll want to take into consideration the tax implications. The projected yield may not be what you think it is. Over the years, there has been lots of discussion regarding the …

Uptick in Community Bank Fraud Requires High Alert Right Now

August 10, 2023February 25, 2021 by Heather Campbell

Reading Time: 2 minutes

Statistics indicate that fraud has accelerated for community banks recently, and the uncertainty surrounding the impacts of the pandemic and election results seem to be the cause. People are feeling anxious and many are desperate to make ends meet. Banks should be on high alert for both internal fraud with …

Estate Tax Planning: Possible Changes Ahead

August 10, 2023February 16, 2021 by Jim Rein

Reading Time: 2 minutes

No matter what the presidential outcome, there was never any question that the outlook for estate tax planning would be different in 2021. How much different was dependent upon who controlled the presidency and the Congress. With Democrats now in power on both of those fronts, the logical question now …

Ag Update: 4 Notable Items for Farms and Ranches under USDA Farm Programs

August 10, 2023February 3, 2021 by Matthew Farrell

Reading Time: 3 minutes

In an effort to provide additional support to farms and ranches due to the Coronavirus pandemic, the United States Department of Agriculture (USDA) recently made changes to some of its Farm Programs. Below is a summary of notable impacts for agribusinesses. USDA Suspends Actions on Delinquent Borrowers Farm Storage Facility …

USDA Pauses Additional Assistance for CFAP1 and CFAP2, Second Stimulus (CFAP3) Funds Largely Unaffected

August 10, 2023February 3, 2021 by Matthew Farrell

Reading Time: 2 minutes

A series of announcements have been made regarding CFAP funding recently. Below, K·Coe’s Farm Program Services team has summarized what you need to know about the temporary pause on CFAP assistance. Recent Turn of Events On January 15, the USDA announced additional assistance would be provided for limited producers. On …

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