2022-01-10 Expenses Used for PPP Forgiveness and S Corporations
This week we look at:
IRS publishes detail on changes for amended returns and research credits
Taxpayers do not have to pay in tax IRS undercomputed when adjusting for unemployment compensation
Expenses used for PPP loan forgiveness do not reduce AAA for S corporations per IRS instructions
Information letter addresses when industry accountant becomes a paid preparer
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2022-01-10 Expenses Used for PPP Forgiveness and S Corporations
Articles for this week’s updates can be downloaded as a PDF below;