How Traders Should Mine The CARES Act For Tax Relief & Aid [Forbes]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Forbes
ShutterstockThe CARES Act provides tax relief and economic aid to employees, independent contractors, sole proprietors, and other types of small businesses. However, traders don’t fit into usual small-business categories, so there are issues in applying for some CARES aid.Traders eligible for trader tax status (TTS) operating in an S-Corp might be able to receive state and federal unemployment benefits. TTS S-Corps also might be able to obtain a forgivable loan under the Small Administration Paycheck Protection Program. TTS traders structured as sole proprietors, partnerships, or S-Corps might be eligible for five-year NOL carrybacks, relaxed retirement plan distributions, and recovery rebates.A trader’s capital gains and Section 475 ordinary income are different from wages, earned income, and self-employment income (SEI) required for many of the business-related benefits under CARES. TTS sole proprietors report business expenses on Schedule C, but trading gains and losses go on othe
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News
- HR Software Stocks Q4 Highlights: Paychex (NASDAQ:PAYX) [Yahoo! Finance]Yahoo! Finance
- U.S. Small Business Wage Growth Remains Steady in February [Yahoo! Finance]Yahoo! Finance
- U.S. Small Business Wage Growth Remains Steady in FebruaryBusiness Wire
- Trump revealed a new retirement savings plan - will you benefit from it? [Yahoo! Finance]Yahoo! Finance
- Insperity and Workday Announce General Availability of Insperity HRScale [Yahoo! Finance]Yahoo! Finance
PAYX
Earnings
- 12/19/25 - Beat
PAYX
Sec Filings
- 3/4/26 - Form 4
- 2/13/26 - Form SCHEDULE
- 2/5/26 - Form 4
- PAYX's page on the SEC website