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Covid Related Tax Relief Act Overview

President Donald Trump on December 27, 2020, signed into law the Consolidated Appropriations Act, 2021 (the Act).
The Act includes the long-awaited COVID-related Tax Relief Act of 2020, which resolves a key area of contention related to the deductibility of PPP-funded expenses. It also includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 that extends or makes permanent numerous tax provisions.
Click here for an overview of the key tax-related provisions.

Firm Description:
Moss Adams is a fully integrated professional services firm dedicated to growing, managing, and protecting prosperity. With over 3,400 professionals across more than 25 locations in the market capitals of the West and beyond, we work with the world’s most innovative, dynamic, and promising clients and markets. Through a full spectrum of accounting, consulting, and wealth management services, we bring the deep industry specialization and inspired thinking our mid-market clients seek. Our full range of services includes accounting (assurance and tax), consulting (IT, strategy & operations, transactions, and specialty), as well as individual and institutional wealth management.

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