(Total Views: 264)
Posted On: 05/05/2020 7:38:50 PM
Post# of 36566
Rjs, I just heard today that the PPP is going to be taxed by the IRS. Everyone thought it was a grant that would be forgives if you follow the rules. Now the IRS says they will tax the forgiveable loan otherwise it would be a double windfall. Make sure you keep some on the side to pay taxes.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
