IRS Clarifies Position on Deductibility of PPP Expenses…Ouch!
By: sistoadmin | December 1, 2020
When the Paycheck Protection Program (PPP) was rolled out earlier this year, it was clear that using the PPP funds for their intended purpose would result in the forgiveness of the debt. It was also made clear that the forgiveness would not result in taxable income, as would normally be the case. It was not … Continue reading IRS Clarifies Position on Deductibility of PPP Expenses…Ouch!