Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2020-07-27 Third Time to Court on Conservation Easement

July 26, 2020 by Ed Zollars, CPA

This week we look at:

  • Discussions continue on fourth COVID bill in the Senate

  • SBA announces the agency will begin accepting lender's documents for PPP loan forgiveness on August 10 (maybe)

  • IRS releases percentages for the premium tax credit for 2021

  • IRS position taken for strategic reasons in another conservation easement case doesn't bind the agency in a case with an unrelated taxpayer

  • Second Circuit agrees with Tax Court that property was not used in a trade or business

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

Articles on this week’s update can be downloaded in the PDF below:

2020-07-27 Current Federal Tax Developments

July 26, 2020 /Ed Zollars, CPA
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