As if 2020 hasn’t brought enough changes, the Internal Revenue Service has also provided a change to the 1099-MISC form.
The application deadline for Phase 3 Provider Relief is November 6, 2020.
The IRS and Treasury have finalized regulations implementing amendments made by the Tax Cuts and Jobs Act (TCJA) to business related meals and entertainment deductions.
Prior to October 2, 2020, it was presumed that any entity contemplating a change in control that had received Paycheck Protection Program (PPP) funds would be required to obtain approval for the transaction from the SBA prior to sale.