The Biden administration wants to expand information reporting for financial institutions to better capture exchanges of cryptocurrency transactions.
Original Article Source Credits: Forbes, https://www.forbes.com
Article Written By: Brian Thompson
Original Article Posted on: Mar 4, 2021
The new covid relief bill clarified that borrowers who have loans forgiven may claim deductions for expenses even if expense were paid with loan amounts that were forgiven. This applies to all PPP loans.
Late last night the president did ultimately sign the covid relief bill, thereby creating the fix that was so highly anticipated.
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