FICPA Podcast

Federal Tax Update Postcast: Expenses used for PPP forgiveness and S Corporations

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

Click on the player below to listen to the show:

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