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. There could be bi-partisan support for modifications to TCJA provisions scheduled to take effect in or after 2022.
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