AICPA supports bill that would make PPP-funded expenses deductible

  • May 6, 2020
  • Posted by: admin
  • Category: Finance & accounting
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A bill introduced in the Senate would clarify that ordinary expenses funded by Paycheck Protection Program (PPP) loans are deductible by taxpayers. If enacted, this would overrule a recent IRS notice saying the expenses are not deductible.



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