2020-05-04 No Deduction for You from irs 941 tax form Watch Video
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⏲ Duration: 32 min 74 sec ✓ Published: 03-May-2020
Description: This week we look at:nnPPP loan updates on corporate groups, businesses sold after February 15, 2020, loan review procedures, private companies need to show loan was necessary, treatment of seasonal employers, how to count 500 employees and maximum loan calculation amountsnUpdate on faxing procedures for Forms 1139 and 1045nNo deduction allowed for amounts paid to achieve PPP loan forgiveness per IRSnDraft Form 941 released for second quarter of 2020nIRS clarifies filing date relief for U.S. Tax
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