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The CARES Act Tax Developments

April 6, 2020

The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act relief package came in response to the novel coronavirus (COVID-19) outbreak. The act makes several modifications to current tax law to bring financial relief to US businesses, including modifications that present opportunities for businesses to obtain cash refunds for taxes previously paid.

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George Koutouras

Managing Director

Los Angeles, Downtown