The IRS finally releases guidance on how the 2020 revised employee retention credit interacts with PPP loan forgiveness applications, gives more guidance on virtual currency question on Form 1040 and more.
IRS gives advice to victims of unemployment compensated related identity theft, a revised Form 7200 released in draft form that indicates how employers will claim the advance employee retention credit and more.
The IRS releases first guidance on revised 2020 ERC program, limited penalty relief provided for tax basis capital reporting on partners' K-1s, and a lot of SBA guidance on the PPP loan programs as revised by the CAA.
A summary of employee retention credits found in the Consolidated Appropriation Act, 2021, a bill that is currently in limbo as the President has threatened not to sign the bill without specific changes.
The SBA announces questionnaires for large PPP borrowers and an unconfirmed copy is distributed online, the IRS gives instructions on preparing W2s for employers that deferred employee FICA from September 1 and more