This is my concern as well. I am going to hang my hat on Lisa's message about the IRS rejecting returns with those expenses allowed. 🙂

EIPs are a little different. I would compare this more to the ERC credits (which reduce deductible wage expense) but who really knows? All we can do is go on what we know now I guess. The client can decide if they want to amend later if the IRS updates guidance and allows for deduction as well.