Aliza Belinda

Ppp Loan Forgiveness 2024 Tax Return. If you misrepresented the facts on your ppp loan forgiveness application, you may be subject to tax on the forgiven amount, and possibly additional penalties. 18, 2021, the irs released three rev.

(2) an application for ppp loan. Taxpayers may treat such income as received or accrued when either (1) expenses eligible for forgiveness are paid or incurred;