Federal Tax Update Podcast: PPP and ERC clarification For CAA changes

In the latest edition of his "Federal Tax Update," Ed Zollars hits on the following topics:

  • Penalty relief related to partners’ tax basis capital
  • IRS providing limited option for ERC claims on 4th quarter 941
  • Revised PPP first draw maximum loan calculation
  • PPP borrowers who received too much have to pay excess back
  • Second disbursement for PPP first draw loan procedures
  • Gross receipts calculation for second draw loans
  • PPP revised forgiveness forms released

Click on the player below to listen to the show.

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