Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

A site devoted to articles on current developments in federal taxes geared toward CPAs in tax practice.

  • Updates
  • Video and Audio Weekly Updates
  • Email Updates
  • About
  • Upcoming Courses

2022-01-10 Expenses Used for PPP Forgiveness and S Corporations

January 09, 2022 by Ed Zollars, CPA

This week we look at:

  • IRS publishes detail on changes for amended returns and research credits

  • Taxpayers do not have to pay in tax IRS undercomputed when adjusting for unemployment compensation

  • Expenses used for PPP loan forgiveness do not reduce AAA for S corporations per IRS instructions

  • Information letter addresses when industry accountant becomes a paid preparer

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

Articles for this week’s updates can be downloaded as a PDF below;

  • 2022-01-10 Current Federal Tax Developments

January 09, 2022 /Ed Zollars, CPA
  • Newer
  • Older
US_UK_Apple_Podcasts_Listen_Badge_RGB.jpg
Listen via Google Podcast or your favorite podcast application on your phone
Mastodon acccount for Ed Zollars

Copyright © 2025 Thomas, Zollars & Lynch, Ltd., All Rights Reserved

Powered by Squarespace