Kiplinger

The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans

The IRS just did something that stunned me. It pulled the rug out from under desperate small-business owners just as they were starting to get their feet under them.

It was about a month ago that I praised what I saw as the one of the most comprehensive, beneficial acts of Congress in American history. With the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, I saw the federal government committing to what I committed to doing for my clients decades ago: help small businesses.

While not sold as a clear

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da Kiplinger

Kiplinger2 min letti
Berkshire's Annual Meeting: What to Expect From Buffett & Co.
Warren Buffett is headed to Los Angeles for the 2021 edition of the Berkshire Hathaway (BRK.B, $277.60) annual meeting, which kicks off Saturday, May 1, at 12:30 p.m. Eastern time. Shareholder questions – to which the chairman's responses are often t
Kiplinger2 min letti
Stock Market Today: Stocks Sag Despite Slew of Earnings Beats
Wall Street finished the week on a down note Friday, ignoring even more sterling first-quarter earnings reports. John Butters, senior earnings analyst for FactSet, says that 60% of the S&P 500's components have reported Q1 earnings, and, so far, 86%
Kiplinger2 min letti
American Century Small Cap Value (ASVIX) Joins the Kiplinger 25
When a Kiplinger 25 fund closes to new investors, we replace it. That's because we believe the funds on our list should be available to all readers. So even though we still like Wasatch Small Cap Value (WMCVX), because it closed to new investors in m