The IRS concluded that the amount provided to the employees constituted compensation instead of loan proceeds for two main reasons in this TAM.

The IRS concluded that the amount provided to the employees constituted compensation instead of loan proceeds for two main reasons in this TAM. First, the employees didn’t have an unconditional or individual responsibility to repay the mortgage. The staff had been just obligated to settle the mortgage should they left the organization ahead of the…

New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply

New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply Share Self-employed? This legislation will not may actually replace the method the self-employed people who usually do not register formal payroll will qualify underneath the CARES Act. In the time that is same it is really not specified. Presumably contractors that are independent the…