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. It 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