AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

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AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

In a letter dated Aug. 4, 2020, the AICPA joined over 170 organizations to urge Congress to “include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP)” in its next round of legislation addressing the coronavirus pandemic.
Source: Tax News
Read More here – AICPA continues to ask Congress to include PPP deductibility in upcoming legislation