April 17, 2020 RAPID RESPONSE

COVID-19 and Tax Relief for Individuals and Tax-Exempts Under the CARES (Coronavirus Aid, Relief and Economic Security) Act

In response to emerging and unprecedented financial devastation from COVID-19 on March 27, 2020, Congress passed broad economic relief for individuals, tax-exempts and corporations. The Act includes a myriad of tax provisions targeting individuals, corporations, and tax-exempt entities. The panelists discuss certain tax relief under the Act focusing on the details of the Recovery Rebate, changes to retirement account distributions, enhanced charitable donations, and other disaster relief provisions for individuals as well as for nonprofit tax-exempt entities.

Panelists 

Moderator

  • Francine J. Lipman, William S. Boyd Professor of Law, University of Nevada, Las Vegas William S. Boyd School of Law

Co-Sponsors: ABA Commission on Hispanic Legal Rights & Responsibilities, ABA Commission on Homelessness & Poverty, ABA Commission on Racial and Ethnic Diversity in the ProfessionABA Commission on Sexual Orientation and Gender Identity, ABA Criminal Justice Section, ABA Government and Public Sector Lawyers Division, ABA Section of Litigation, ABA Section of State and Local Government Law, ABA Senior Lawyers Division, National Bar Association Young Lawyers Division

Resources

Presentations: Francine Lipman, Philip Hackney, Brian Yacker

How the CARES Act Eases Retirement Account Rules During COVID-19

What The CARES Act Means For Student Loan Borrowers Seeking Public Service Loan Forgiveness

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