Excerpt taken from the following Deloitte publication:
“The House of Representatives this week approved a multibillion dollar tax-and-spending package aimed at beginning to address the economic fallout from the global coronavirus outbreak; meanwhile, congressional leaders and White House officials have already begun discussing the contours of a potential second stimulus bill that could include additional tax relief.” As of today, March 16th, the bill has not yet reached the senate floor but is expected soon. We’ll keep you updated if it is passed and share additional details of how this may impact your practice as more details unfold.
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