2020-07-27 Third Time to Court on Conservation Easement

This week we look at:

• Discussions continue on fourth COVID bill in the Senate
• SBA announces the agency will begin accepting lender's documents for PPP loan forgiveness on August 10 (maybe)
• IRS releases percentages for the premium tax credit for 2021
• IRS position taken for strategic reasons in another conservation easement case doesn't bind the agency in a case with an unrelated taxpayer
• Second Circuit agrees with Tax Court that property was note used in a trade or business

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