Current Federal Tax Developments

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2021-03-29 IRS Quietly Revises Unemployment Worksheet

This week we look at:

  • IRS makes a major change in computation of excludable ARPA unemployment

  • PPP loan program applications extended for two months - but funds only likely to last until mid-April without replenishment

  • PPE is defined by the IRS to represent medical care for purposes of deducting the expenses

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2021-03-29 IRS Quietly Revises Unemployment Worksheet Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with the articles for this week’s update can be downloaded below:

2021-03-29 Current Federal Tax Developments