Planning Possibilities For PPP Deductions
Tax Notes Federal, Volume 170, January 4, 2021
6 Pages Posted: 15 Apr 2021
Date Written: 2021
In this article, Willis and Lincoln emphasize that the Consolidated Appropriations Act, 2021, allows some businesses to deduct expenses paid for with Paycheck Protection Program funds, and they share ways that taxpayers could take advantage of the new rules.
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