On March 18, 2020, the U.S. Treasury Department and the Internal Revenue Service released Notice 2020-17 and issued Notice 2020-18, clarifying the tax filing and payment relief related to the COVID-19 pandemic. We discuss what this means for you. 

As of March 27, 2020, the U.S. President signed a bill known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) intended to help citizens with the turmoil the pandemic has summoned by providing economic relief to individuals, families, small businesses and other sectors of the United States economy. We discuss some key CARES Act provisions for businesses and individuals to understand how it will apply to their income and earnings.