In the latest edition of his Federal Tax Update, Ed Zollars dives into the news and notes you need to know. This week:
- IRS publishes detail on changes for amended returns and research credits
- Taxpayers do not have to pay in tax IRS undercomputed when adjusting for unemployment compensation
- Expenses used for PPP loan forgiveness do not reduce AAA for S corporations per IRS instructions
- Information letter addresses when industry accountant becomes a paid preparer
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