FICPA Podcasts

Federal Tax Update: The IRS to Issuing Guidance

April 13, 2020

 

https://vimeo.com/406662060

https://www.currentfederaltaxdevelopments.com/podcasts/2020/4/12/2020-04-13-the-irs-returns-to-issuing-guidance  

 

This week we look at:

  • PPP loan program FAQ gets updated by SBA
  • IRS releases §163(j) relief for real estate and farming businesses
  • Procedures released for making election to waive NOL carryback period under CARES provisions
  • IRS explains the payroll tax deferral program
  • Partnerships covered by BBA CPAR given temporary reprieve from centralized audit rules
  • Six month extension granted to file Forms 1045 and 1139
  • IRS greatly expands list of returns, payments and actions extended to July 15, 2020.