March 28 Update
Please note that the original post has been updated in its entirety to provide a more comprehensive and final review of the CARES Act tax-related provisions.
On March 25, the Senate unanimously passed a $2 trillion stimulus package to help individuals, states and businesses devastated by the coronavirus pandemic. On March 27, the House passed the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act” or the “Act”), and later that day, the President signed it into law.
Below are some of the notable tax-related impacts the CARES Act will provide:
Continue Reading The Impact of the Coronavirus Aid, Relief and Economic Security Act