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.

An audio only version of this week’s broadcast can be streamed or downloaded below:

The articles for this week’s updates can be found in the PDF you can download below:

2020-04-13 Current Federal Tax Developments