Costs paid off having 2020 PPP money are deducted into 2021 tax returns

Costs paid off having 2020 PPP money are deducted into 2021 tax returns

The fresh Internal revenue service announced a safe harbor without a doubt businesses that obtained first-bullet Paycheck Cover System (PPP) financing but did not deduct some of the completely new qualified costs because they made use of suggestions awarded till the enactment of the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260, in .

For the See 2020-32 and you may Rev. Continua a leggere