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Daily Archives: April 9, 2020

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  4. 09

CARES Act FAQ: Retirement Plan Withdrawals

Covid-19By TrustHRCApril 9, 2020Leave a comment

On March 27 th , President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes an allowance for penalty-free early withdrawals from retirement accounts. Below, we address some of the common questions regarding this particular initiative. If youcannot find the answer to your question, please do…

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CARES Act FAQ: Net Operating Loss & Other Tax Modifications

Covid-19By TrustHRCApril 9, 2020Leave a comment

On March 27 th , President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill contains a variety of modifications to key business tax provisions, such as regulations regarding Net Operating Losses. Below, we address some of the common questions regarding these tax law modifications. If you…

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CARES Act FAQ: Employee Retention Credit

Covid-19By TrustHRCApril 9, 2020Leave a comment

On March 27 th , President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes a wide range of business tax provisions, including a new credit for employers that retain their employees. Below, we address some of the common questions regarding this particular initiative. If you…

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