I.1, PPP Tax-exempt Income Timing and Basis Adjustment Guidance Issued (Rev. Proc. 2021-48; 2021-49; 2021-50) Nov. 19, 2021 DOWNLOAD FILE Federal Tax The IRS has released additional Paycheck Protection Program (PPP) loan forgiveness guidance. The guidance addresses (1) timing issues; (2) partner and consolidated group member basis adjustments; and (3) filing of amended partnership returns […]
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LEM: MEMO Remember the Property Tax Relief Credit For NYS DOWNLOAD FILE
READ MOREThe IRS has just released a completely new form, Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. This form must be filed with an S corporation shareholder’s 1040 under a variety of different circumstances.
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Leonard: IR-2022-8, Jan. 10, 2022 WASHINGTON ? The Internal Revenue Service announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January 24 start date for individual tax return filers allows the IRS time to perform programming and […]
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