ARP: Tax Provisions | Ballard Spahr LLP
To embed, copy and paste the code into your website or blog: ARP Tax Changes Include Credit Extensions/Expansions, Tax Relief for EIDL and Grant Recipients, and Changes to Worldwide Interest Allocation Rules Among many other provisions, the American Rescue Plan (ARP), the $1.9 trillion COVID-19 relief package, makes changes to the Internal Revenue Code, including extension and expansion of COVID-19-related employment tax credits, clarification of the treatment of forgiven emergency loans and grants, and removal of a provision related to the allocation of worldwide interest expenses. Extension...
Source: jdsupra.com