2020-05-04 No Deduction for You - a podcast by The Ohio Society of CPAs

from 2020-05-02T20:26:21

:: ::

This week we look at:

PPP loan updates on corporate groups, businesses sold after February 15, 2020, loan review procedures, private companies need to show loan was necessary, treatment of seasonal employers, how to count 500 employees and maximum loan calculation amounts
Update on faxing procedures for Forms 1139 and 1045
No deduction allowed for amounts paid to achieve PPP loan forgiveness per IRS
Draft Form 941 released for second quarter of 2020
IRS clarifies filing date relief for U.S. Tax Court filings
IRS and DOL issue relief for certain timeframes that apply to employee benefit plans