2020-08-31 Excellent Guidance to Confirm Fears

This week we look at:

• Crowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable income
• Payroll tax holiday guidance finally released by Treasury days before holiday is scheduled to begin
• IRS temporarily expands and simplifies use of e-signatures
• SBA issues new PPP guidance with de minimis owner rule and rules related to rents and mortgages as nonpayroll costs

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