Implementing the payroll tax deferral, part 2
Sep 11, 2020
Journal of Accountancy
COVID-19: Tax
The COVID-19 pandemic has impacted all aspects of our lives and created many uncertainties and challenges. The AICPA Tax Section is here to help and has developed resources to help you get through this critically important time.
Tax Subtopics
- C Corporation Income Taxation
- COVID-19: Tax
- Employee Benefits
- Individual Income Taxation
- International Tax
- IRS Practice & Procedure
- Partnership & LLC Taxation
- Practice Management & Professional Standards
- S Corporation Income Taxation
- State & Local Tax (SALT)
- Tax Accounting
- Taxation of Estates & Trusts
- Tax-Exempt Organizations
COVID-19: Tax Resources
Tax Section
The go-to source for tax practitioners. Access all the AICPA’s Tax Section content on AICPA.org.
View all News
News
View all CPE & Learning
CPE & Learning
More Tax CPE & Learning will be released in the future
More Tax CPE & Learning will be released in the future
View all Professional Insights
Professional Insights
- Coronavirus Client Letter for Individuals
- Coronavirus Business Client Letter
- Coronavirus Tax Snapshot for Clients
- COVID-19 loan application assistance service engagement letter
- Flyer to Help Non-Filers Claim the Economic Stimulus Payment
Client-facing tools
- CARES Act and Families First Coronavirus Response Act Summary
- CARES Act Stimulus Calculator
- Comparison of COVID-19 Business Relief Options Chart
- Coronavirus and Tax Impacts FAQs
- Federal due dates chart updated for COVID-19 relief
- State due dates chart updated for COVID-19 relief
- State Tax Filing Relief Guidance
Practitioner guidance
- Tips for working with the IRS
- Communicating with clients during this challenging time
- Resources available to help your clients
Videos
- H.R. 6201: Families First Coronavirus Response Act
- H.R. 748: Coronavirus Aid, Relief and Economic Security (CARES) Act
- H.R. 7010: Paycheck Protection Program Flexibility Act
Legislation
- Notice 2020-39: Relief for Qualified Opportunity Funds and Investors Affected by Ongoing Coronavirus Disease 2019 Pandemic
- Notice 2020-32: Deductibility of Trade or Business Expenses from a Loan Under the Paycheck Protection Program
- Notice 2020-26: Extension of Time to File Application for Tentative NOL Carryback Adjustment
- Notice 2020-23: Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
- Notice 2020-22: Relief from Penalty for Failure to Deposit Employment Taxes
- Notice 2020-21: Effective Date for Employment Tax Credits Under the Families First Coronavirus Response Act
- Notice 2020-20: Relief Related to Gift and Generation-Skipping Transfer Tax Filing Payment and Deadlines
- Notice 2020-18: Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
- Rev. Proc. 2020-34: Temporary Safe Harbors for the Purpose of Determining the Federal Tax Status of Certain Arrangements That Hold Real Property as Trusts
- Rev. Proc. 2020-28: Procedures for Taxpayers Who Normally Do Not File Federal Tax Return to File Returns to Receive Economic Impact Payments
- Rev. Proc. 2020-27: Exclusions from Gross Income for Certain Nonresident Individuals
- Rev. Proc. 2020-26: Safe Harbors, Loan Forbearance Programs Under CARES Act
- Rev. Proc. 2020-25: Additional First Year Depreciation Deduction for Property Acquired and Placed in Service After Sept. 27, 2017
- Rev. Proc. 2020-22: CARES Act Related to Interest Expenses Under Sec. 163(j)
- Rev. Proc. 2020-20: Relief to Certain Nonresident Individuals to Qualify for Treaty Benefits on Services Income
- Rev. Proc. 2018-58: Time for Performing Certain Acts Postponed by Reason of Service in a Combat Zone or a Federally-Declared Disaster
- See more IRS notices and revenue procedures.
IRS Notices and Revenue Procedures
- Carryback of NOLs by C Corporations to Taxable Years in which the Alternative Minimum Tax Applies
- Carryback of NOLs by certain exempt organizations
- Coronavirus-Related Relief for Retirement Plans and IRAs Questions and Answers
- COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses
- COVID-19 Relief for Estate and Gift
- Deferral of Employment Tax Deposits and Payments Through Dec. 31, 2020
- Employee Retention Credit Under the CARES Act
- Filing and Payment Deadlines
- Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act
- Individuals Claiming the Medical Condition Exception in 2020
- Non-Filers: Enter Payment Info Here
IRS FAQS
- Cross-Border Tax Guidance Related to Travel Disruptions Arising from the COVID-19 Emergency
- IRS Coronavirus and Economic Payments: Resources and Guidance
- IRS Economic Impact Payment Information Center
- IRS Operations During COVID-19: Mission-Critical Functions Continue
- IRS People First Initiative: COVID-19 Effort Temporarily Adjusts and Suspends Key Compliance Program
- Temporary Procedures to Fax Certain Forms 1139 and 1045 due to COVID-19
Other IRS guidance
- COVID-19 and the Family and Medical Leave Act Questions and Answers
- Temporary Rule: Paid Leave Under the Families First Coronavirus Response Act
Department of Labor
- Business Loan Program Temporary Changes; Paycheck Protection Program
- Coronavirus Small Business Guidance and Loan Resources
- Paycheck Protection Program FAQs
Small Business Administration
- Economic Impact Payments for Social Security and SSI Recipients – Steps to Take and Schedule of Payments
Social Security Administration