Federal Tax Update: Overpaying on May Extensions

https://vimeo.com/535514981

https://www.currentfederaltaxdevelopments.com/podcasts/2021/4/11/2021-04-12-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