Our client tax services team is closely monitoring the changing tax landscape and will keep you up to date on important developments, such as several key tax provisions in the CARES Act, recently signed into law by President Trump.
Congress, the IRS, and state taxing authorities are working to provide tax relief and economic stimulus during this difficult time. This Wealth Planning Insights focuses on tax-related measures in four categories:
- Administrative relief — filing deadlines
- Retirement account provisions
- Charitable contributions
- Deductibility of net operating losses and business losses
About the Author
Stephen A. Baxley
Director of Tax and Financial Planning
In this role, Steve is responsible for delivering strategic tax consulting and tax management services to Bessemer clients and their related entities.