The new Irs along with awarded Rev
Last week, the latest Irs blogged guidance on a couple items of appeal to several income tax therapists and you may customers. You to definitely product worried explanation on the taxation treatment of Paycheck Defense Program (PPP) financing forgiveness. One other items involved whether or not for every single diem meal reimbursements is a hundred percent allowable otherwise was limited to fifty percent. Continue Reading Note: With the the quantity you to definitely PPP loan forgiveness try managed as the gross receipts, the principles out of Rev