Certain SBA loan debt forgiveness isn’t taxable.

Amounts of Small Business Administration Section 7(a)(36) guaranteed loans that are forgiven under the CARES Act aren’t taxable as discharge of indebtedness income if the forgiven amounts are used for one of several permitted purposes. The loans have to be made during the period beginning on February 15, 2020 and ending on June 30, 2020.

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Business Income Tax Planning Subjects for 2020

Depreciation Deductions Among the many changes made by the CARES Act, the one which may have the most impact is the correction of a technical error

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Individual Income Tax Planning Subjects for 2020

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