2020-04-13 The IRS Returns to Issuing Guidance - a podcast by The Ohio Society of CPAs

from 2020-04-12T16:02:17

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This week we look at:

PPP loan program FAQ gets updated by SBA
IRS releases §163(j) relief for real estate and farming businesses
Procedures released for making election to waive NOL carryback period under CARES provisions
IRS explains the payroll tax deferral program
Partnerships covered by BBA CPAR given temporary reprieve from centralized audit rules
Six month extension granted to file Forms 1045 and 1139
IRS greatly expands list of returns, payments and actions extended to July 15, 2020.