Is the payment received from HHS Stimulus HHS Payment for medical providers taxable?
If not, would it be another M-1 Adjustment like PPP Grant?
Thank you
This discussion has been locked. No new contributions can be made. You may start a new discussion here
This grant?
https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions
Oh, I found this one:
https://www.irs.gov/newsroom/frequently-asked-questions-about-taxation-of-provider-relief-payments
THANK YOU.
Thank you so much for sharing and the effort of looking up
I'll let you know if I come across a "corrected guidance" for these grants. I have clients that got them, and so far, I haven't seen anything that removes them from being taxable.
"What is the HHS stimulus payment taxable?"
Did you click any of the provided links, to read about these grants?
"Has any one done in Pro-series"
You are asking in a Lacerte topic. Perhaps you want to start this as your own, new, topic in the Pro Series section of this community.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.