On December 27, 2020, President Trump signed the new $900 billion stimulus package – the Consolidated Appropriations Act, 2021 (the CAA), which, among other things, advances legislation intended to provide additional help for...more
1/26/2021
/ Business Taxes ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Employee Retention ,
Financial Aid ,
Financial Stimulus ,
IRS ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SALT ,
SBA Lending Programs ,
Tax Deductions ,
Tax Planning
The Coronavirus Aid, Relief and Economic Security Act (CARES Act), enacted March 27, 2020, amends the Internal Revenue Code (Code) and provides for the carryback of net operating losses arising in taxable years beginning on...more