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Note: Towards extent you to PPP financing forgiveness is actually managed while the terrible receipts, the rules regarding Rev The new Irs together with given Rev The other day, this new Irs blogged tips on a couple of bits of notice to many taxation practitioners and you can readers. You to definitely product alarmed explanation toward tax therapy of Income Defense Program (PPP) financing forgiveness. The other item involved if for every single diem buffet reimbursements is actually 100 per cent allowable otherwise was limited to fifty percent. Plus, the fresh new freshly passed infrastructure statement features a few income tax conditions of significance to several tax preparers and you can website subscribers. Into the Rev. Proc. 2021-forty-eight, 2021-49 I.R.B., the Irs listed that if you are PPP loan forgiveness…