Eligible Paycheck Protection Program expenses now deductible

Eligible Paycheck Protection Program expenses now deductible  https://www.irs.gov/newsroom/eligible... https://accountinginstruction.info/ WASHINGTON — The Treasury Department and the Internal Revenue Service issued guidance PDF today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP).