FICPA Podcasts

Federal Tax Update: Third Time to Court on Conservation Easement

July 27, 2020

https://vimeo.com/441671392

 

https://www.currentfederaltaxdevelopments.com/podcasts/2020/7/26/2020-07-27-third-time-to-court-on-conservation-easement

 

This week we look at:

  • Discussions continue on fourth COVID bill in the Senate
  • SBA announces the agency will begin accepting lender's documents for PPP loan forgiveness on August 10 (maybe)
  • IRS releases percentages for the premium tax credit for 2021
  • IRS position taken for strategic reasons in another conservation easement case doesn't bind the agency in a case with an unrelated taxpayer
  • Second Circuit agrees with Tax Court that property was not used in a trade or business