2020-04-27 Is This Necessary

This week we look at:

• PPP Loan program and EIDL Grants Get Additional Funding
• PPP guidance raises question of false certification that loans were necessary, provides other clarifications
• IRS provides additional guidance on payments to repair homes due to pyrrhotite damage
• Relief for taxpayers unable to meet foreign earned income exclusions due to COVID-19
• Special procedures for taxpayers who are not required to file but wish to file for advance payments
• IRS gives special relief related to COVID-19 travel restrictions impacting substantial presence test

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