The Internal Revenue Service is once again depositing the latest round of Economic Impact Payments in the wrong bank accounts in a replay of problems experienced last year by many taxpayers. | Deloitte deal makes Tax Analysts’ law library public | | By Jeff Stimpson 1 min read | | The library includes the Internal Revenue Code; rules for accountants and others practicing before the IRS; proposed, final and temporary regs; IRS guidance and private rulings; and much more. | |
| IRS blesses tax breaks on forgiven PPP loans after law change | | By Laura Davison and David Hood 3 min read | | The Internal Revenue Service will allow businesses that got their Paycheck Protection Program loans forgiven to write off expenses paid for with that money, shifting policy after Congress passed new legislation last month. | |
| IRS offers guidance on deducting PPP expenses | | By Michael Cohn 3 min read | | The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven. | |
| WEB SEMINAR | | Tax season kickoff | | With the 2021 filing season about to begin, this webinar will offer a host of last-minute tips, tactics and strategies to help tax practitioners make it through their busiest time of the year. | |
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