What’s new concerning relief for businesses? Tons. The game has changed a whole lot and in a big hurry in the past few weeks. Whole new worlds have opened up when preparing (or amending) 2020, 2021, and 2022 income tax returns reporting PPP forgiveness and spending. For part of the employee retention credit (ERC), both Congress and IRS have slammed the door on our fingers (or at least attempted to).
Both new opportunities and stumbling blocks abound. How do we respond?
Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.