FICPA Podcasts

Federal Tax Update: PPPFA Becomes Law

June 8, 2020

https://vimeo.com/426768654

https://www.currentfederaltaxdevelopments.com/podcasts/2020/6/7/2020-06-08-payroll-protection-program-flexibility-act-becomes-law  

 

This week we look at:

  • Payroll Protection Program Flexibility Act of 2020 enacted into law on June 5, 2020
  • Relief from physical presence rules given to qualified plans
  • IRS expands Qualified Opportunity Zone relief and extends period for existing relief
  • IRS returns to tax basis capital computation issues - gives two different proposed methods