CAPCPA
Level 2
02-06-2021
10:20 PM
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Client has PPP loan, Bank does not want forms for filing for forgiveness yet. Client appears to meet all the criteria for forgiveness, IRS guideline is to exclude expenses that were covered by forgiven loan, but how do you treat if there is no confirmation? Does client expense and then file an amended return once confirmation is received? How are others handling?
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