Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2020-08-31 Excellent Guidance to Confirm Fears

August 29, 2020 by Ed Zollars, CPA

This week we look at:

  • Crowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable income

  • Payroll tax holiday guidance finally released by Treasury days before holiday is scheduled to begin

  • IRS temporarily expands and simplifies use of e-signatures

  • SBA issues new PPP guidance with de minimis owner rule and rules related to rents and mortgages as nonpayroll costs

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

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

2020-08-31 Current Federal Tax Developments

August 29, 2020 /Ed Zollars, CPA
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