COVID-19: Tax Law Developments

On March 27, 2020, Cravath prepared for its clients a resource entitled “COVID‑19: Tax Law Developments,” which provides an overview of certain changes to U.S. tax rules affecting businesses and individuals in response to the COVID‑19 pandemic. The resource includes information about deferred due dates for filing and paying income taxes, modifications to the use of net operating losses, tax credits for wages paid by certain employers that lose business as a result of the pandemic and cash payments from the federal government for eligible individuals.

Please click here to read the full resource.