A bipartisan group of lawmakers introduced legislation Wednesday to enable small businesses to deduct their expenses even if they have received a loan from the federal government’s Paycheck Protection Protection Program that was later forgiven. | | | How is the coronavirus pandemic impacting your accounting business? | | Please take a few minutes — less than 10 — to complete this month's Accountants Confidence Index (ACI). Your participation helps us provide you and your peers with information on economic conditions and the pandemic's impact. To thank you for your participation, Accounting Today's parent company Arizent will donate $10 per complete to Direct Relief to support the nonprofit's ongoing COVID-19 efforts. Together we can create strong, relevant content while supporting a worthy and important cause. | |
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| IRS tells family members of deceased to return stimulus money | | By Laura Davison 2 min read | | The Internal Revenue Service said individuals who got a $1,200 stimulus payment intended for someone who’s deceased or incarcerated should return the money but left open the question of how the agency would enforce that. | |
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