Preparing Complex 1040s

• Slides

Additional Updates for August 10, 2021 Rebroadcast

Employee Retention Credit - Notice 2021-49 and the Denial of Credit for Most Owner-Employees

• IRS Releases Additional Guidance on the Employee Retention Credit, And It's Not Good News for Majority Shareholders

• Guide to Key Notice 2021-49 Stock Ownership Attribution Situations

• New 8/10 10:30 am PDT/MST Revenue Procedure 2021-33 on Excluding PPP Forgiveness from ERC Revenue Reduction Calculation

Supreme Court Dismisses Challenge to ACA for Lack of Standing, Net Investment Income Remains in Force

• Supreme Court Rules Plaintiffs Did Not Have Standing to Challenge Affordable Care Act, Net Investment Income Tax Remains in Force

IRC §163(j) and Change of Accounting Method Memorandum Issued by IRS

• Impact of Depreciable Life Accounting Method Change on Adjusted Taxable Income for §163(j) Outlined by IRS