2020-07-13 BBA Audit Flowchart

This week we look at:

• W2s will report FFCRA sick and FMLA pay to each employee

• Congress extends PPP loan program through August 8, 2020

• FAQ looks at the tax implications of receiving a CARES Provider Relief Payments

• Depreciation limits for vehicles for 2020 released by the IRS

• §265(a)(1) does not bar deduction under UBIT rules for a charity

• Flowchart for BBA CPAR audit regime published by the IRS

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

2020-07-13 BBA Audit Flowchart

Ed Zollars, CPA (Kaplan Financial Education)

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The articles for this week developments can be downloaded in the PDF below:

2020-07-13 Current Federal Tax Developments