https://vimeo.com/469301679
https://www.currentfederaltaxdevelopments.com/podcasts/2020/10/17/2020-10-19-faqs-not-protected-from-scrutiny-as-irs-had-hoped
This week we look at:
- PPP forgiveness application deadline is not October 31
- Fax line to send in Forms 1045 and 1139 will shut down at the end of 2020
- Draft instructions to Form 8895 indicate that IRS not longer seeing charitable deductions as reducing QBI
- Taxpayer could not claim accrued expenses to restore manufacturing line until following year
- IRS FAQ on EIP for incarcerated individuals is subject to court review