The CARES Act includes a variety of measures designed to ease the financial burden for businesses during the pandemic. Provisions related to tax laws include:
The benefit of the first three items can be claimed in current payroll tax returns. The benefit of the other items can be claimed by filing an amended return.
For additional information contact Chuck Potter. Chuck is a lawyer and a CPA and has extensive experience in a wide variety of tax issues.
April 02, 2020
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