After the Paycheck Protection Program (PPP) was passed in March of 2020, the IRS issued Notice 2020-32 on April 30 and took the position that no deduction is allowed for an eligible expense that is otherwise deductible if the...more
12/1/2020
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Tax Deductions
On April 9, 2020, the Internal Revenue Service provided additional extensions to deadlines for various tax matters. I.R.C. Section 7508A provides that if a taxpayer has been impacted by a federally declared disaster, as...more