2020-09-21 Revised Forms Issued for COVID-19 Relief

This week we look at:

• IRS discusses options for expedited private letter ruling requests

• Web page for marijuana industry posted by the IRS

• Corporation by law had no shareholders, thus no S election was possible

• Draft form to be used by self-employed to claim COVID-19 sick pay credits published

• Final version of Form 941-X to be used to revised 2Q 2020 Forms 941 released

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

The articles for this week’s updates can be downloaded in the PDF below:

2020-09-21 Current Federal Tax Developments