AICPA mobilizes members to push for deductibility of PPP-funded expenses

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AICPA mobilizes members to push for deductibility of PPP-funded expenses

The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the Paycheck Protection Program can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: JOA News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses