This article was written on November 23, 2020.  Be sure to check for more developments as time passes. Congress passed the CARES Act last spring, creating the PPP loan program and criteria for loan forgiveness.  The Act specifically provided that any forgiven principal would not result in taxable income, which is usually the case with

In March, Congress created an entirely new SBA product, the Paycheck Protection Program (PPP) loan.  It has been a whirlwind ever since, trying to sort out the details and keep up with frequent changes as to how this was going to work. The dust has settled somewhat on the loan application process, but the biggest

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year. Question #1: What tax records can I throw away now? At a minimum, keep tax records related to your return for