Podcast – Expenses Paid With Forgiven PPP Loans ARE Deductible

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To read the text version of this podcast click here —> Text Version

UPDATE: Expenses paid with forgiven PPP loans ARE deductible. The IRS has reversed a prior ruling. 

This is great news.

This makes invalid the podcast below. 

Questions? Concerns? Call me on (732) 673-0510.

IMPORTANT NOTE: If you are a sole proprietor, filing a Schedule C, with no payroll, and only a home office, then this podcast does NOT apply to you and your net income will not be impacted if your PPP is forgiven.

Click the video below to listen to this episode of The Street Level Business Podcast with Chris Whalen, CPA where he discusses:

THIS PODCAST INFORMATION HAS BEEN SUPERSEDED. DO NOT WATCH.

Expenses Paid With Forgiven PPP Loans Are Not Deductible (YET)

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Chris Whalen, CPA
(732) 673-0510
81 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com

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