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Helpful Link to Tax Provisions on CARES Act published by the IRS

  • Writer: Natalia Mityaeva
    Natalia Mityaeva
  • Apr 6, 2020
  • 1 min read

The IRS has published and continues to update its special section to provide taxpayer guidance on CORONAVIRUS tax relief. Among the provisions are the extension of time to file and pay, temporary relaxation of net operating loss carryback provisions, change in interest expense limitation from 30% to 50% of EBITDA under the US thin capitalisation rules, and refundable payroll tax credit for employers. Follow the link here https://www.irs.gov/coronavirus and get in touch with any questions.

 
 
 

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