Rep. Stevens Joins Bipartisan Push to Preserve Deductions for Forgiven PPP Expenses
December 09, 2020
December 09, 2020
WASHINGTON, Dec. 9 -- Rep. Haley Stevens, D-Michigan, issued the following news release on Dec. 8:
This week, Congresswoman Haley Stevens (MI-11) joined a bipartisan effort to restore the deductibility of forgiven Paycheck Protection Program (PPP) expenses.
The Paycheck Protection Program was created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help businesses survive the COVID-19 pandemic. However, a regulatory decision issued by the IRS . . .
This week, Congresswoman Haley Stevens (MI-11) joined a bipartisan effort to restore the deductibility of forgiven Paycheck Protection Program (PPP) expenses.
The Paycheck Protection Program was created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help businesses survive the COVID-19 pandemic. However, a regulatory decision issued by the IRS . . .