Federal Tax Update: Electronic Amended Returns Real Soon Now

https://vimeo.com/424348387

https://www.currentfederaltaxdevelopments.com/podcasts/2020/5/30/2020-06-01-electronic-amended-returns-real-soon-now 

 

This week we look at:

• PPP developments - only a single FAQ change but two bills to change the program.
• IRS releases guidance on how to deal with ATNOLs for corporations carrying back net operating losses.
• The ability to electronically file amended individual income tax returns will exist for 2019 returns later this summer.
• IRS announces additional due date relief.