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"Business expenses paid for with the proceeds of PPP loans are tax deductible, consistent with Congressional intent in the CARES Act." - quote from NATP News alert.
I plan to use this instruction for the first PPP bill as well. Thoughts?
Best Answer Click here
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"... I plan to use this instruction for the first PPP bill as well. Thoughts?
The "new" bill's provision apply to the first PPP bill.
E D I T
See this first, as Susan found errors in the original post by Intuit:
See this announcement:
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Or you could use the law itself
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assuming it becomes law.
The more I know the more I don’t know.
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AND becomes law in the same version as was passed last night....
Still a lotta potential "if's".
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The guy's crazy enough to veto military pay raises, but he's not crazy enough to veto this one. There are no if's.
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There is this:
President Donald Trump, in a stunning Tuesday night tweet, called the $900 billion Covid relief bill passed by Congress an unsuitable "disgrace."
He urged lawmakers to make a number of changes to the measure, including bigger direct payments to individuals and families.
But he isn't threatening to veto it.
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Cat toying with mouse = not news.
Mouse toying with cats = grabs headlines
