Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

A site devoted to articles on current developments in federal taxes geared toward CPAs in tax practice.

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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

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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