Tax Probably Owed on Paycheck Protection Program Loan

PPP LOan

Question: My husband and I are the owners of a real estate brokerage firm in the East Valley. In June we received a $100,000 loan from our bank under the federal government’s Paycheck Protection Program (“PPP”) for struggling businesses. We used this $100,000 loan for business expenses, including the salaries of our employees. If we…

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