Stay up to date on federal tax developments with this weekly tax podcast by Edward K. Zollars, CPA, Phoenix, Arizona.
This week's topic: PPPFA Becomes Law
• Payroll Protection Program Flexibility Act of 2020 enacted into law on June 5, 2020
• Relief from physical presence rules given to qualified plans
• IRS expands Qualified Opportunity Zone relief and extends period for existing relief
• IRS returns to tax basis capital computation issues - gives two different proposed methods