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Thanks for that info. It definitely makes providing guidance to clients difficult.
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I don't think so. The IRS issued Revenue Ruling 2020-27 which reinforces their position that expenses cannot be used for forgiveness and taken as a tax deductio...
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Hi all, I have a client is the trustee on his aunt's estate. The aunt has passed away and the trust will distribute all assets to the beneficiaries in 2020 and ...
