Feature Article 
Superseding Returns
A superseding return allows a taxpayer to substitute a subsequent return filed by the original due date (including any extension) for the original filing. A superseding return permits corrections to reported income, deductions, and credits... Patrick D. Dimmitt, EA
Summer 2026,
Feature Article,
Schedule K-1, Form 4720, Form 990-T, IRM 21.6.7.4.10:(4), BBA, Form 5227, Form 940, IRM 21.6.1.5.5:(1), §6221(b), Form 5330, §6695, §179(c)(2), Form 1065, §6501(e), Form 943-X, Form 5471, §6501(c)(1), superseding, Form 945-X, Form 8082, §179, Form 1042, Form 990, Bipartisan Budget Act of 2015, Chapter 63C, §6418(e), Form 990-EZ, Form 1120-S, §48D(d), Form 990-PF, Form 1041, §6417(a), Form 941-X, Form 1120-POL, Form 1120, Lucas v. Sterling Oil & Gas Co., Form 1040, Form 2290, Form 1120-F, Wilson
Preparation
IRS Clarifies Timing of Paycheck Protection Program Loan Forgiveness Basis Increase
The Internal Revenue Service (IRS) released three new revenue procedures last month clarifying Paycheck Protection Program (PPP) loan and other federal COVID-19 grant tax-exempt income recognition, expense deductions paid with COV... Jane Ryder, EA, CPA
Jan/Feb 2022,
Preparation,
SBA Community Advantage loans, s corporation, SBA microloan, partnership, COVIDTRA, Restaurant Revitalization grants, COVID-19, COVID-related Tax Relief Act of 2020, subsidiary member, PPP, tax-exempt income, Bipartisan Budget Act of 2015, Paycheck Protection Program, loans, carryback, SBA loans, Rev. Proc. 2021-49, pass-through, Schedule K-1, Emergency Economic Injury Disaster Loan, Form 1065, EIDL, net operating loss, SBA 7(a) loans, NOL, Rev. Proc. 2021-50