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 Small Business Tax Credit Programs Treasury Department 2022-2024

What Does it Mean to Assume States Debts 2022-2024 Form

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internal revenue service irs tax news treasury department and irs provides safe harbor for small businesses to claim deductions related to first round paycheck protection program loans ir 2021-91 april 22nd 2021 washington the treasury department and the internal revenue service today issued revenue procedure 2021-20 there's a link to that revenue procedure here for certain businesses that receive first round paycheck protection program ppp loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment of tax relief legislation in december of 2020 so let me give my quick recap of this this is my interpretation of the recap do your homework on this but we have the ppp loans note with the ppp loans you could basically take out a loan and possibly get forgiveness on the loan if you do get forgiveness forgiveness on the loan then basically you got free money at that point right you took out the loan but then you got forgiveness f

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