Current Federal Tax Developments

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2020-04-20 End of First Funding Round for PPP Loans

April 18, 2020 by Ed Zollars, CPA

This week we look at:

  • SBA issues guidance on self-employed taxpayers and partners for PPP loan program

  • Revenue Procedure issued explaining how to deal with retroactive change in life for qualified improvement property

  • IRS gives guidance on filing Forms 1139 and 1045 via fax while Service Centers are shut down

  • Proposed regulations released to set government portion of PTIN fee at $21

  • Procedures issued to deal with Forms 706 returned by private delivery services from closed Service Centers

An audio only version of this week’s broadcast can be downloaded or streamed below:

Articles for this week’s updates can be read below:

2020-04-20 Current Federal Tax Developments

April 18, 2020 /Ed Zollars, CPA
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