4 ms·
I think the “loan” structure was to allow the corps to defer the revenue. It let them flush themselves with cash while claim a loss on paper and reduce/reverse
by Scoundreller 4y ago
I think the “loan” structure was to allow the corps to defer the revenue.
It let them flush themselves with cash while claim a loss on paper and reduce/reverse their taxes that year.
- panarky 4y agoPPP payments are not "revenue" and they're not taxable income. Owners and shareholders can dividend this cash to themselves while still claiming operating losses.