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: PPP Loan program and EIDL Grants Get Additional Funding PPP guidance raises question of false certification that loans were necessary, provides other clarifications IRS provides additional guidance on payments to repair homes due to pyrrhotite damage Relief for taxpayers unable to meet foreign earned income exclusions due to COVID-19 Special procedures for taxpayers who are not required to file but wish to file for advance payments IRS gives special relief related to COVID-19 travel restrictions impacting substantial presence test

2020-04-27 Is This Necessary?

April 25, 2020 by Ed Zollars, CPA

This week we look at:

  • PPP Loan program and EIDL Grants Get Additional Funding

  • PPP guidance raises question of false certification that loans were necessary, provides other clarifications

  • IRS provides additional guidance on payments to repair homes due to pyrrhotite damage

  • Relief for taxpayers unable to meet foreign earned income exclusions due to COVID-19

  • Special procedures for taxpayers who are not required to file but wish to file for advance payments

  • IRS gives special relief related to COVID-19 travel restrictions impacting substantial presence test

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

A PDF with the articles for this week can be downloaded below:

2020-04-27 Current Federal Tax Developments

April 25, 2020 /Ed Zollars, CPA
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