The PPP try At Long Last Tax-Free. Part 276 from the CAA reverses the IRS’s position and guarantee your financing forgiveness amount will not be incorporated nonexempt money for borrower under a PPP financing.
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The PPP try At Long Last Tax-Free. Part 276 from the CAA reverses the IRS’s position and guarantee your financing forgiveness amount will not be incorporated nonexempt money for borrower under a PPP financing. On Sunday, December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (CAA), including (i) over $900 billion for pandemic-related relief, (ii) government funding of …
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