2021-04-05 Entering Tax Section 51 - Odd Things Happen Here

This week we look at:

• IRS gives details on automatic refunds on unemployment exclusion

• Formal notice of extension of time to file 2020 Forms 1040 issued

• IRS updates ERC guidance for the version for first six months of 2021

• A look at the mess that is the issue of whether controlling shareholder wages can qualify for ERC

Articles for this week’s update can be downloaded as a PDF below:

2021-04-05 Current Federal Tax Developments