Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2021-08-02 PPP Loan Program Changes Return

July 31, 2021 by Ed Zollars, CPA

This week we look at:

  • What we know about tax matters in the bipartisan infrastructure bill

  • SBA announces direct forgiveness application platform, more PPP changes

  • Taxpayer allowed a deduction for expenses related to MBA program

  • Paid leave credit expanded to cover more vaccine related issues

  • BBA CPAR email notes issues with imputed adjustment calculation

  • Second Circuit overturns foreign trust penalty decision in favor of IRS

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

Articles on this week’s developments are available for download in the PDF below:

2021-08-02 Current Federal Tax Developments

July 31, 2021 /Ed Zollars, CPA
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