Posts Tagged ‘IRS’
Your PPP Loan Funds and Tax Deductibility
IRS Releases Guidance on Deducting Expenses Paid for with PPP Funds What may come as a shock, the IRS recently issued guidance on its position regarding the deductibility for expenses paid for using Paycheck Protection Program (PPP) funds received earlier this year by many businesses. Although the amount of loan forgiveness will not be counted…
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