Corona Virus Relief (CARES ACT)

The Biden Administration Corporate Tax Proposal

Today we’re talking all about the Corona Virus Relief (The Cares Act)

Tax and loan issues summary article from Forbes:
https://www.forbes.com/sites/anthonynitti/2020/03/25/congress-reaches-agreement-on-a-coronavirus-relief-package-tax-aspects-of-the-cares-act/#3d3a762f5f99

Other issues article from Forbes:
https://www.forbes.com/sites/kellyphillipserb/2020/03/25/senate-passes-coronavirus-stimulus-bill-house-expected-to-follow-suit/#29cd2bb94475

Here is an article on how Enhanced Unemployment Benefits will work: https://www.americanactionforum.org/insight/enhanced-unemployment-benefits-in-the-coronavirus-aid-relief-and-economic-security-cares-act/

More detailed information on the Paycheck Protection Program:
https://bench.co/blog/operations/paycheck-protection-program/

Text of Bill (Scroll down in the link)
https://www.congress.gov/bill/116th-congress/house-bill/748/text

SBA rules for PPP loans (4/4/2020)
https://www.sba.gov/sites/default/files/2020-04/PPP–IFRN%20FINAL_0.pdf

/Ron Cohen, CPA, MST
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