Current Federal Tax Developments

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2021-04-12 Overpaying on May Extensions

This week we look at:

  • IRS gives guidance on ARPA and the advance premium tax credit for 2020

  • CCA issued to give details on apply tax provisions to hard forks of virtual currency

  • IRS disagrees with court decision on treatment of defined benefit pension benefit for insolvency

  • A restaurant is defined for 100% deduction

  • The saga of 2020 Form 1040 overpayments, extensions and first quarter estimates

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2021-04-12 Overpaying on May Extensions Edward K. Zollars, CPA (Kaplan Financial Education)

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

2021-04-12 Current Federal Tax Developments