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EDGAR CONTRACT ADDENDUMVENDOR NAMEIn accordance with 2 C.F.R. 200.327 of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (sometimes referred to
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The American Rescue Plan Act is a comprehensive economic stimulus package introduced in March 2021 to provide relief to individuals, families, and businesses affected by the COVID-19 pandemic.
Individuals and businesses that received financial assistance or relief measures under the American Rescue Plan Act may be required to report or file specific tax forms related to those benefits.
To fill out the necessary forms related to the American Rescue Plan Act, taxpayers should gather their financial documents, follow the IRS instructions for the specific form required, and ensure that all relevant information about received benefits is accurately reported.
The purpose of the American Rescue Plan Act is to provide economic support to help individuals, families, and businesses recover from the impact of the COVID-19 pandemic, stimulate economic growth, and address public health challenges.
Information that must be reported includes details on any financial assistance received, such as Economic Impact Payments, unemployment benefits, and any other grants or loans provided under the Act.
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