US CARES Act has corporate implications, including NOL deductions, Section 163(j) interest expense limitation and AMT acceleration

Enacted in response to the COVID-19 pandemic, the United States (US) Coronavirus Aid, Relief, and Economic Security (CARES) Act provides roughly US$2 trillion in economic relief to eligible businesses and individuals impacted by the novel coronavirus outbreak. The CARES Act is significant legislation that will affect nearly every aspect of the economy.
This Alert discusses key provisions of th…
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