On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) into law. Among the numerous provisions of the Act intended to provide economic relief to...more
3/31/2020
/ Business Losses ,
CARES Act ,
Charitable Deductions ,
Coronavirus/COVID-19 ,
Federal Taxes ,
Financial Stimulus ,
Income Taxes ,
Net Operating Losses ,
Relief Measures ,
Tax Credits ,
Tax Deductions ,
Tax Incentives ,
Tax Planning ,
Tax Refunds ,
Tax Relief ,
Tax Returns
In the early hours of March 20, Treasury Secretary Steven Mnuchin announced that the Internal Revenue Service (IRS) has extended the deadline for filing of federal income tax returns to July 15, 2020. All individuals and...more