2020-10-19 FAQs Not as Protected from Scrutiny as IRS Hoped - a podcast by The Ohio Society of CPAs

from 2020-10-18T15:33:38

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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