Key Federal Corporate Tax Provisions of the CARES Act and the States Responses

The CARES Act will allocate $2.2 trillion in support to individuals and businesses affected by COVID-19 and the resulting economic downturn. While stimulus checks, small business loans, and expanded unemployment benefits have received a majority of the nation’s attention, there are a number of key business tax breaks in the CARES Act that haven’t received as much coverage. In addition, a number of state tax authorities have implemented measures aimed at providing relief to impacted persons and businesses within their respective jurisdictions.

Join us for a complimentary webinar covering these key federal corporate provisions of the CARES Act and state and local tax considerations businesses should be aware of, including:

• Federal Corporate Tax Provisions of the CARES Act
  • Changes to NOLs, 163(j), etc.
  • Impact of NOL carryback on GILTI
• State Implications
• State Nexus and Withholding Concerns
• State Trends in Extensions
• Audit Trends