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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2020-06-08 Payroll Protection Program Flexibility Act Becomes Law

June 07, 2020 by Ed Zollars, CPA

This week we look at:

  • Payroll Protection Program Flexibility Act of 2020 enacted into law on June 5, 2020

  • Relief from physical presence rules given to qualified plans

  • IRS expands Qualified Opportunity Zone relief and extends period for existing relief

  • IRS returns to tax basis capital computation issues - gives two different proposed methods

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

Articles for this week’s update can be downloaded below:

2020-06-08 Current Federal Tax Developments

June 07, 2020 /Ed Zollars, CPA
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