Current Federal Tax Developments

View Original

2020-08-17 Checks Stuck in the Trailer

This week we look at:

  • Taxpayer denied relief for late rollover when taxpayer had "borrowed" funds from IRA

  • Management company was not the customer for rental of vacation home

  • IRS gives relief for taxpayers who end up with dishonored checks due to IRS delays in opening mail

  • SBA updates PPP FAQ with information on insurance as a payroll cost

  • Guidance on interaction of EIDL advances and PPP loan forgiveness

  • SBA issues IFR on appeal procedures for PPP loans

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

Your browser doesn't support HTML5 audio

2020-08-17 Checks Stuck in the Trailer Ed Zollars, CPA (Kaplan Financial Education)

An PDF with articles on this week’s developments can be downloaded below.

2020-08-17 Current Federal Tax Developments