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So if it is forgiven by 12/31/20 then it becomes tax-free income. No reduction of expenses, correct? And then what will you do on the 1120, an M-1 adjustment fo...
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Thank you. How will you handle it on the 1120S, as an M-1 adjustment?
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all I got from that post was that I was confused and that one revenue ruling superceded another revenue ruling. So my specific questions are still is the PPP lo...
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My original question wasn't really about the balance sheet, that's more of a gaap issue. Im just trying to figure out if I can tell my clients that their PPP lo...
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Spoiler (Highlight to read)YesYes
