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UnitedHealth Group
New IRS Guidance Eliminates all Tax Benefits of PPP Loan Forgiveness
A special report from Ted Cuppett of The Health Group The IRS has released guidance (Notice 2020-32) to explain that a taxpayer that receives a loan through the Paycheck Protection Program (PPP) is not permitted to deduct expenses that are normally deductible under the Code, to the extent the expenses were reimbursed by a PPP […]
Read MoreHHS Begins Release of Additional Funds to Providers
The Department of Health & Human Services has begun releasing additional funds to health care providers impacted by the COVID-19 pandemic. The CARES Act legislation provides relief to American families, workers, and the healthcare providers on the frontline of the COVID-19 outbreak. Among its provisions, the Act appropriated $100 billion for distribution to health care […]
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