COVID-19 Letter to Our Clients

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.

Dear Client: 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.

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