Learn how we're protecting our financial professionals and employees during this critical time.
The IRS has issued new modifications to the CARES Act regarding loan relief, coronavirus-related distribution, and retirement plans. View the summary of IRS Notice 2020-50 for more information.
The IRS has extended the rollover relief period from IRAs and other eligible retirement plans to August 31, 2020. View the summary of IRS Notice 2020-51 for more information.
We're here to help
As a leading provider of support to more than 16,000 financial professionals and nearly 800 financial institutions, we collectively serve more than 5 million American investors. We’re committed to providing you with the information, resources, and leadership you need to effectively navigate these uncharted waters to support your business, your clients, and your community. Watch the video on this section to learn more.
What is the CARES Act?
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest stimulus package in our nation’s history. The Act aims to:
- Keep workers paid and employed
- Keep businesses operational
- Improve the healthcare system
- Stabilize our economy
How CARES can help you and your clients
As a small business owner and financial professional, you’re a leader in your community. Understanding the CARES Act will help you play a vital role in restoring America after COVID-19. LPL offers tools, resources, and support to help you address your business needs and take the right action for your clients.
CARES Act resources and tools
This information is not intended to be a substitute for specific individualized legal or tax advice. We suggest that you discuss your specific tax issues with a qualified legal or tax advisor.