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HHS Stimulus HHS Payment Taxable?

Level 1

Is the payment received from HHS Stimulus HHS Payment for medical providers taxable?

If not, would it be another M-1 Adjustment like PPP Grant?

Thank you 

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5 Replies 5
Level 15

This grant?

https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions

 

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Level 15

Oh, I found this one:

https://www.irs.gov/newsroom/frequently-asked-questions-about-taxation-of-provider-relief-payments

 

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Level 1

Thank you so much for sharing and the effort of looking up

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Level 15

I'll let you know if I come across a "corrected guidance" for these grants. I have clients that got them, and so far, I haven't seen anything that removes them from being taxable.

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Level 1

THANK YOU.

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