Late in November, the IRS re-affirmed that PPP expenses are not deductible and they issued guidance on how to treat the PPP expenses if the expense is incurred in a different year than the forgiveness of the actual PPP loan.
PODCAST: What Nonprofits Need to Know to Avoid Losing Tax-Exempt Status
Welcome to the Tax Insights Podcast, where we break down complex tax topics into bite-sized how-tos. In this episode of Tax Insights Podcast, Jeff Dvorachek explores the world of tax deadlines and...