Matthew Cohen, Author at Tax Resolution Institute

Are Expenses Paid With PPP Loan Proceeds Tax Deductible?

by Matthew Cohen | Nov 19, 2020 | Tax Law, Tax Planning

Business Loans 101 Typically when a person or company borrows money to use for business operating expenses, they are (1) required to pay back the amount borrowed, (2) required to pay interest on the amount borrowed which is tax deductible and (3) allowed to deduct for...

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Are Expenses Paid With PPP Loan Proceeds Tax Deductible?

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