IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships

The IRS has just issued Revenue Procedure 2020-23. It intends to address a problem caused by some tax changes under the CARES Act for partnerships.┬áIt provides relief permitting partnerships to obtain the benefit of the new tax provision more quickly. What is the CARES Act? The CARES Act includes a number of new tax deductions.They… Continue reading IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships