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PPP and taxes.
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StxPecans
Posted 1/10/2021 10:20 (#8739161 - in reply to #8739049)
Subject: RE: PPP and taxes.


Shrute Farms - 1/10/2021 09:48

I should re-phrase, you can apply based on your Net (previously) or Gross (new rules) Income, but not employee costs since they are 1099'd.


Please explain this to me more. Yes they said something about my net income (after deductions) was too low. Now there are different rules for gross income? And how does this work? My farm is in critical need.
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