Tax Treatment of Expenses Paid with PPP Loans and EIDL Advances – Part 3

Tax Treatment of Expenses Paid with PPP Loans and EIDL Advances – Part 3 On December 27 th , the President signed the “COVID-related Tax Relief Act of 2020” (the “Act”), which is part of the “Consolidated Appropriations Act, 2021” (H.R. 133). In the Act, Congress eliminated a major tax uncertainty associated with PPP loan […]