Podcast | 10-19-2020

This week’s podcast focuses on the following items: 

  • PPP forgiveness application deadline is not October 31
  • Fax line to send in Forms 1045 and 1139 will shut down at the end of 2020
  • Draft instructions to Form 8895 indicate that IRS no longer seeing charitable deductions as reducing QBI
  • Taxpayer could not claim accrued expenses to restore manufacturing line until following year
  • IRS FAQ on EIP for incarcerated individuals is subject to court review

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