The $2.2 Trillion “CARES Act,” which is designed to provide loans and loan forgiveness, tax incentives, credits, and deductions to Americans and American businesses, passed the Senate with a vote of 96-0. The bill will inject $2 trillion into the American economy, and includes a range of tax rebates, expanded unemployment benefits and a variety of business tax-relief provisions designed to bolster individual, family and business finances.

To make sense of it all, join Bob Keebler in his exclusive Webinar where he reviews the following points:

• A massive emergency SBA nonrecourse loan program for small businesses with generous forgiveness provisions.   


• Income Tax-Free SBA loan forgiveness along with key tax Incentives designed to stimulate the U.S. economy


• Deferral of the Employer side of Social Security Taxes Until 2021 and 2022


• $1,200 checks to many Americans plus $500/child that will be phased out based on income widely believed to be $75,000


• Employment Tax Credits to 100% Finance Sick Leave for Small Business


• Expansion of NOL Carrybacks and Carryforwards


• Waiver of 2020 RMDs from Qualified Retirement Plans


• Waiver of 2020 RMDs from IRAs


• Delayed Filing Dates for Some Returns and Not Others


• Delayed Payment Dates


• Retirement Plan and IRA Penalty-Free Distributions – with Repayment Plans over Several Years


• Retirement Plan Loan Expansion & Relief


• Delayed IRA and Plan Contribution Dates


• New Charitable Tax Breaks – Including an above-the-line deduction and Percentage Limitation Rollback  


• Significantly Delay on the Payment of Employment Taxes


• 461(l) Excess Loss Limitation Relief


• Deductible Business Interest Expense Relief

• Notice 2020-32, in which the IRS determined business expenses satisfied with forgiven PPP loan proceeds are not deductible


• Paycheck Protection Program FAQs (frequently updated guidance from Treasury)


• Regulations promulgated by the SBA which explain how the PPP loan program will apply to sole proprietors and partnerships