The PPP is actually Eventually Tax-Free. Part 276 on the CAA reverses the IRS’s situation and assures that the mortgage forgiveness amount are not included in taxable money regarding borrower under a PPP loan.

The PPP is actually Eventually Tax-Free. Part 276 on the CAA reverses the IRS’s situation and assures that the mortgage forgiveness amount are not included in taxable money regarding borrower under a PPP loan. On Sunday, December 27, 2020, the President closed the...