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IRS Notice 2020-32: The Non-Deductibility of PPP Expenses No Impact on Gross Income COVID-19 Impact on Gross Income Business Cash Flow Impact Business Tax Impact Employee Tax Impact PPP Loan Forgiveness (Non-deductible Salaries) Notice 2020-32 – Section 1106(b) PPP Loan Forgiveness (Deductible Salaries) No PPP Loan *Includes FICA Social Security and Medicare Taxes and Ignores FUTA and SUTA Tax Liabilities

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Page 1: IRS Notice 2020-32The Non-Deductibility of PPP Expenses · IRS Notice 2020-32: The Non-Deductibility of PPP Expenses No Impact on Gross Income COVID-19 Impact on Gross Income. Business

IRS Notice 2020-32: The Non-Deductibility of PPP Expenses

No Impact on Gross Income COVID-19 Impact on Gross Income

Business CashFlow Impact

Business Tax Impact

Employee Tax Impact

PPP Loan Forgiveness(Non-deductible Salaries)

Notice 2020-32 – Section 1106(b)PPP Loan Forgiveness(Deductible Salaries)No PPP Loan

*Includes FICA Social Security and Medicare Taxes and Ignores FUTA and SUTA Tax Liabilities

Federal Deductibility of State and Local Taxes

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PREPARED FOR: ee PROMENADE Walking Map_Promenade.pdf · †ppp w a l k 40 13 17 21 11 14 †ppp ppp 5th 12 ppp ppp 46 32 6th ppp 23 35 36 ppp 26 25 ess €ppp 51 ppp †ppp 52 †ppp

Model No: IRS-TS100, IRS-TS200, IRS-TS300 Description

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For Saxophone Quartet Polar Vortex - · PDF fileSop. Sax. Alto Sax. Ten. Sax. Bari Sax. ppp ppp ppp 44 ppp ppp ppp ppp ppp ppp ppp ppp ppp Sop. Sax. Alto Sax. Ten. Sax. Bari Sax. n

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