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A bicameral group of lawmakers released a framework to jump-start negotiations for a coronavirus relief package that includes Paycheck Protection Program deductibility, while a group of senators sought to include tax relief for brewers in a must-pass spending bill.
A government watchdog is recommending that the IRS make changes to its electronic business filing capabilities to help identify net operating loss carryback use under the Coronavirus Aid, Relief, and Economic Security Act.
Tax law and accounting professors faced daunting challenges getting up to speed on a whole new way of teaching thanks to the coronavirus, but they’re already discovering new techniques that could persist for years to come.