Current Federal Tax Developments

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2020-12-14 Paying Tax on 1112 Payments

This week we look at:

  • IRS issues Q&As on CARES Act §§102 and 103

  • Tax organizations respond to IRS Commissioner on no penalty relief

  • SBA issues guidance on tax reporting for CARES Act §1112 payments

  • SBA adds Q&A on Forms 3509 and 3510

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2020-12-14 Paying Tax on 1112 Payments Ed Zollars, CPA (Kaplan Financial Education)

A PDF with articles on this week’s update can be dowloaded below.

2020-12-14 Current Federal Tax Developments