Current Federal Tax Developments

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2021-11-29 ERC Developments Return

This week we look at:

  • IRS modifies 2021 Form 1065 draft instructions to add self-employment income information

  • IRS issues preliminary guidance on late repeal of Q4 ERC for most employers

  • Training to begin for agents for ERC audits in early 2022

  • Rejection of return due to suspected identity theft did not mean return was not filed before statute expired

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2021-11-29 ERC Developments Return Edward K. Zollars, CPA (Kaplan Financial Education)

The articles for this week’s updates can be downloaded in the PDF below:

2021-11-29 Current Federal Tax Developments