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Many small business owners are wondering if the PPP Loan and SBA EIDL Loan Funds they received are taxable income on their 2021 tax return. In this video we will answer that exact question, "Are the PPP or EIDL Loan funds taxable income?" We will also highlight a few other important points surrounding both the PPP loan and SBA EIDL loan such as deadlines, increases, and future funding.
IF YOU HAVE ANY QUESTIONS REGARDING TAX AND ACCOUNTING SERVICES, PLEASE REACH OUT TO US VIA EMAIL AT INQUIRY@MOMENTAXSERVICES.COM. WE LOOK FORWARD TO HEARING FROM YOU SOON!
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