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PPP forgiveness dentists

IRS Position on PPP Deductions – Monday, May 4, 2020 2:59PM

As you know, under the provision of the PPP regulations, if you use the funds properly, all or a portion of the loan will be forgiven.  What normally happens when a debt is forgiven, the forgiven amount is considered income.  It isn’t something you earned but it is money that came in the door that […]