Recent Covid-19 relief providing extra time for working capital to be spent on projects in opportunity zones isn’t automatic, an IRS official said Friday.

SBA Administrator Isabella Casillas Guzman said the agency is considering creating a direct lending channel to underserved businesses that have had trouble accessing capital at banks.

Taxpayers eligible to receive advance Child Tax Credit payments will receive notices containing important information, an agency official said.

It is unlikely that additional guidance on the 2017 tax law’s changes to carried interest “would be a high priority at this time” for the Biden administration, a top Treasury Department official said.

Starting this week, the Internal Revenue Service is sending refunds to people who paid taxes on their unemployment benefits before Congress excluded a large portion from tax, Ken Corbin, commissioner of the IRS’s Wage and Investment Division, says at a virtual conference.

The Federal Reserve extended for a third time its rule modification allowing certain bank directors and shareholders to access the Paycheck Protection Program.

IRS regulations on the treatment of intercompany sales of partnership interests for purposes of the 2017 tax law’s limit on debt interest payment write-offs “should be high on our checklist of things we should take care of,” an agency official said Friday.

Stock sales are reaping a windfall for the world’s richest shareholders.

Read more: Blumenauer and Levin introduce bill for cash refunds in lieu of clean energy tax credits. Suozzi and Gottheimer continue to push for SALT cap repeal. A group of House lawmakers seek cryptocurrency accounting guidance.