Dear Valued Client,
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act provides relief for individuals, businesses, governments, the health care system, education, nonprofits, and distressed industries.
A document that outlines in detail some of the tax provisions, can be found here.
For more information, please contact:
Amy Chamoun, CPA, MST
Robin D. Linklater, MST, CPA