"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?
"... 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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