Federal Tax Update: Excellent Guidance to Confirm Fears

https://vimeo.com/452885072

https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/29/2020-08-31-excellent-guidance-to-confirm-fears

 

This week we look at:

• Crowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable income
• Payroll tax holiday guidance finally released by Treasury days before holiday is scheduled to begin
• IRS temporarily expands and simplifies use of e-signatures
• SBA issues new PPP guidance with de minimis owner rule and rules related to rents and mortgages as nonpayroll costs