Author(s): Thomson Reuters/Tax & Accounting
The contents of this client letter are based on the Client Letter provided by Thompson Reuters | Checkpoint research database.
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Corona virus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Corona virus fallout. In addition to the summary of IRS actions and earlier-enacted federal tax legislation that I previously sent you, I now want to update you on the tax-related provisions in the Corona virus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020.
To learn more please download full document.