TAX GUIDANCE FOR PPP BORROWERS
Update: January 7, 2021 – The Treasury Department and the IRS issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a under the Paycheck Protection Program (PPP). Learn more here. IRS STATES BUSINESS OWNERS CAN’T DEDUCT EXPENSES PAID WITHRead more