The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals
ThomsonReuters
DECEMBER 14, 2020
Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. The economic downturn is hitting state revenues, however, so tax cuts may be difficult to implement.
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