This week we look at:

• Penalty relief related to partners’ tax basis capital
• IRS provides limited option for ERC claims on 4th quarter 941
• Revised PPP First Draw Maximum Loan Calculation
• PPP Borrowers Who Received Too Much Have to Pay Excess Back
• Second disbursement for PPP First Draw Loan procedures
• Gross Receipts Calculation for Second Draw Loans
• PPP Revised Forms Released

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