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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 Oct 12, 2020
Monday Oct 12, 2020
This week we look at:
- SBA's simplified Form 3508S for PPP forgiveness and the regulations authorizing its use for loans of $50,000 or less
- Lenders told what to do when borrowers supply more expense documentation than necessary for full PPP loan forgiveness
- Pre-PPPFA loan documents do not need to be modified to obtain PPPFA longer deferral period
- QR codes will be added to CP14 and CP14 IA notices beginning later this month
- SIFL rates for last half of 2020 published
- Taxpayer finds no relief available for payroll taxes paid years earlier on nonqualified deferred compensation that will not paid due to subsequent bankruptcy of the employer