Lion EA Posted April 29, 2022 Report Posted April 29, 2022 DIL needs their joint returns ASAP to "reconfirm" Medicaid for their family of four. (I prepare their returns free, and would prefer to do them last, but...) Their H/W partnership (bakery/food truck/catering) received monies from the Restaurant Revitalization Fund. Anyone already researched the RRF and Taxes? Where do I go to start? Is there a Notice, Memo, Rev Proc, FAQs, anything in print? TYIA for any help. Quote
GLJEANNE Posted April 29, 2022 Report Posted April 29, 2022 It gets treated just like PPP, non-taxable fed, state may or may not be taxable. 1 Quote
Lee B Posted April 29, 2022 Report Posted April 29, 2022 The ARPA and Rev Proc 21-49 apply. The RRF is considered to be part of the covid relief programs along with the PPP Loans. 1 Quote
Lion EA Posted April 29, 2022 Author Report Posted April 29, 2022 Thank you all. You eased some of my stress. 1 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.