PPP Loan Forgiveness Update

PPP Loan Forgiveness Update

Small Business Tips, Taxes

Great news! If you borrowed $50,000 or less through the Paycheck Protection Program (PPP), the application for loan forgiveness just got way easier. Today, I’ll tell you about the changes and answer some common PPP loan forgiveness questions. How has…

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Does the IRS Allow a P.O. Box Address?

Does the IRS Allow a P.O. Box Address?

IRS

Yes, the IRS will allow a P.O. box address on your tax return only if your post office doesn’t deliver mail to your home. The W-9 and W-4 instructions do not specifically state if a P.O. box is allowed, however, the 1040 (tax return) instructions state that a P.O. box is allowed if mail is not delivered to your home address.

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