In the latest edition of his Federal Tax Update, Ed Zollars dives into the news and notes you need to know. This week:
- The House passes the Build Back Better Act, but it's not clear what the Senate will do
- The IRS clarifies 2021-2022 treatment of meals and incidentals per diem
- A self-directed IRA implodes on a taxpayer
- And the IRS gives guidance on the timing of PPP forgiveness income, as well as very short-term BBA partnership amended return relief
Click on the player below to listen to the show.