Federal Tax Update: PPP Loan Program Changes Return

 

https://vimeo.com/581588137

https://www.currentfederaltaxdevelopments.com/podcasts/2021/7/31/2021-08-02-ppp-loan-program-changes-return

 

This week we look at:

• What we know about tax matters in the bipartisan infrastructure bill
• SBA announces direct forgiveness application platform, more PPP changes
• Taxpayer allowed a deduction for expenses related to MBA program
• Paid leave credit expanded to cover more vaccine related issues
• BBA CPAR email notes issues with imputed adjustment calculation
• Second Circuit overturns foreign trust penalty decision in favor of IRS