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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Episodes
Monday Jan 10, 2022
Federal Tax Update: Expenses Used for PPP Forgiveness and S Corporations
Monday Jan 10, 2022
Monday Jan 10, 2022
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
Version: 20241125