Podcast | 1-24-2022

This week’s podcast focuses on the following items:

  • IRS issues updated substantially equal payment guidance
  • Final version of basis reporting form for S corporation shareholders issued by IRS
  • IRS clarifies how to report expenses used to obtain PPP forgiveness on Schedule M-2
  • IRS completes guidance on reporting options for timing of PPP loan forgiveness income recognition

You can listen to the podcastview the video version, or read the corresponding notes.