Many CTA clients have been wondering how their PPP Loans and Loan Forgiveness applications would affect their 2020 tax returns, and by extension, their R&D Credits. Thankfully, congress addressed the issue over the Christmas break.
The omnibus spending and coronavirus relief bill passed...
United States TAX COURT WASHINGTON, DC 20217
POPULOUS HOLDINGS, INC., Petitioner(s), v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 405-17.
On March 15, 2019, the parties filed cross-motions for summary judgment on the issue of whether petitioner is entitled to a credit...