and i should add that it is taxable income when received.
however if it has to be paid back the statute of limitations
(3 yrs) will have closed for the business and an amended tax return
cannot be filed. what a country!
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and i should add that
Wondering about why inflation is so sticky and probably will ...
Posted by morton7 on 17th of Feb 2023 at 12:43 pm
and i should add that it is taxable income when received. however if it has to be paid back the statute of limitations (3 yrs) will have closed for the business and an amended tax return cannot be filed. what a country!