Lynn Nichols Federal Tax Update (Week of Feb. 1, 2021): Employment Tax Credit Guidance
Welcome to the Federal Tax Update Podcast, hosted by Lynn Nichols. This is presented as a member benefit by the South Carolina Association of CPAs. It is produced to provide current information about developments in U.S. tax law, such as cases, ruling, IRS pronouncements and expert comments on hot topics.
Also trending in this edition:
Farmer Wife Can’t Deduct Losses – 7 Years of Fails
Online Option for Sending Authorization Forms
Employers Urged to Claim Extended Employee Retention Credit
Attorney was Not “Away From Home” – No Travel Expense
IRS Threatens Criminal Charges for Ignoring Summons
IRS May Snag Recover Rebate Credit to pay Taxpayer’s Debts
Cattle Farm with No Cattle – No Deductions
The commentary is brief, and you should not take a position on the items discussed until you thoroughly examine it with authoritative sources. All topics can be found discussed in further length at Tax Notes Today.
“I have relied on Tax Analysts® to provide reliable and timely analysis of Federal tax developments for over 30 years. The ‘headnotes’ you see here are from ‘Tax Notes Today,’ the preeminent source of accurate information and analysis of important developments and trends in Federal taxation,” Nichols says.
A federal tax specialist for 50 years, Lynn Nichols provides tax consulting services to CPA firms on complex federal income tax issues, professional standards in tax practice and effective tax practice management. Check out his Tax Updates video playlist.