New IRS issued guidance on PPP, SEC. 512(a)(6), 1099 reporting and Biden’s tax plan
We recently published a BNN Briefing including the following updates:
- Timing and Deductibility of PPP-Funded Expenses (New Guidance in Revenue Ruling 2020-27 and Revenue Procedure 2020-51)
- Final Regulations under Sec. 512(a)(6) Impact Tax-Exempt Entities (A Discussion of T.D. 9933)
- Changes to 1099 Reporting of Nonemployee Compensation
- How Biden’s Tax Plans Will Impact Real Estate Investors