- AICPA challenging nondeductibility of PPP-related expenses
- AICPA supports bill that would make PPP-funded expenses deductible
- AICPA proposes broad range of tax relief to aid economic recovery
- Trusts and estates are permitted certain deductions
- Taxpayers must act soon for direct deposit of stimulus payments
- IRS allows midyear changes to health coverage, dependent care elections
- Proposed rules govern deductions and reporting for restitution
- Final regs. clarify when interest in corporation is stock vs. debt
- IRS mobilizing 3,500 phone operators to answer stimulus questions
- HSA contribution limits increase for 2021
- Premium tax credit unaffected by personal exemption decrease to zero
- Final regs. address reporting by tax-exempt organizations
- E-filing of Form 1040-X coming this summer
