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This week we look at:nnIRS memorandum states that PPP loan forgiveness is taxable if taxpayer did not actually qualify for forgiveness grantednAICPA adds to items requested for additional penalty relief under Notice 2022-36

2022-09-19 New PPP Loan Guidance Appears

⏲ 22 min 38 sec ✓ 19-Sep-2022

Jamie Trull

Are PPP Loan Funds Taxable?

⏲ 11 minutes 41 seconds 👁 564

Freedom Group

Are PPP Loan Funds Taxable? | Do You Have to Pay Taxes on Forgiven PPP? | How Will PPP Affect Taxes?

⏲ 17 minutes 31 seconds 👁 1.1K

This is the shocking moment a fighter jet bounced off a runway before the pilot ejected and died.Squadron leader Asim Jawad, 32, appeared to be attempting Top Gun style three aileron rolls at low altitude when the fuselage of the Yakovlev Yak-130 scraped along the tarmac. CCTV shows smoke and sparks erupting from the Russian-made jet before Asim pulled up and appeared to be circling the runway in Chattogram, Bangladesh, on May 9.However, the footage shows a sudden explosion before Bangladesh Air Force pilot Asim and his co-pilot Wing Commander Sohan Hasan Khan both ejected.Local media reported that the two pilots both landed in the Karnaphuli River before being rescued by members of the air force, navy and local fishermen.Asim later died in hospital while Sohan remains in critical condition at the Banouja Isa Khan Hospital in Patenga. The aircraft was later recovered from the water.The government's Inter-Services Public Relations (ISPR) said in a statement that the training jet had 'crashed due to a mechanical failure'.They claimed the pilots manoeuvred the aircraft away from the densely populated area near the airport to the sparsely populated area where they crashed.However, CCTV footage of the incident appears to show the crash was caused by the high-risk stunt.A source said: 'The Bangladesh Air Force claimed the crashed YAK 130 fighter jet encountered mechanical failure, resulting in a catastrophic crash in the Patenga area of Chittagong. However, recently obtained CCTV footage from the runway area contradicts this claim by BAF, displaying a chilling sequence where the aircraft attempts to perform three consecutive aileron rolls at a perilously low altitude, nearly colliding with the runway in the process.'The footage reveals the jet scraping the runway at high speed, causing significant damage to the fuselage and igniting a fire. At the 19-second mark, a slowed-down analysis shows fragments of the aircraft detaching as it rebounds and gets airborne.'In the critical moments that followed, as captured in the video, the engine became engulfed in flames, emitting black smoke. The two pilots, demonstrating exceptional skill under pressure, managed to eject from the flaming jet. The ejection, a procedure known to exert enormous g-force on the body, often results in temporary loss of consciousness.'

Pilot dies after attempting high-risk ‘Top Gun’ stunt in fighter jet

⏲ 2:59 👁 169M

Investment Insight

Is PPP Loan Forgiveness Taxable? Explained

⏲ 2 minutes 44 seconds 👁 3

Kim u0026 Rosado LLP

How The IRS Is Using The Tax Laws For PPP Loan Enforcement

⏲ 55 seconds 👁 1K

Pauleen Luna is enjoying every bit of being a mom now after giving birth to her and husband Vic Sotto's second child, Thia Marceline or Mochi. <br/><br/>She shared with PEP.ph (Philippine Entertainment Portal) in this PEP Exclusives Mother's Day interview how much she enjoys taking care of Mochi and seeing how her firstborn Talitha Maria or Tali reacts to being the big sister. <br/><br/>She also shared how she and Vic take care of their kids and each other and why they have such a successful relationship. <br/><br/>But Pauleen also told PEP.ph what worries her about Tali's future and how she has been preparing her for this. <br/><br/>Watch this PEP Exclusives Mother's Day interview to learn more about Pauleen and Vic's way of parenting. <br/><br/>#pauleenluna #mothersday #pepexclusives <br/><br/>Interview: Nikko Tuazon<br/>Video & Edit: Rommel R. Llanes<br/>Music: \

Mom Pauleen Luna on what worries her about daughter Tali's future | PEP Exclusives

⏲ 15:2 👁 876.9M

Nguyen CPAs

Is the PPP Taxable?

⏲ 7 minutes 15 seconds 👁 836

IRS Insiders with J. Anton

Can IRS Tax My PPP Loan?

⏲ 2 minutes 56 seconds 👁 342

This week we look at:nnCrowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable incomenPayroll tax holiday guidance finally released by Treasury days before holiday is scheduled to beginnIRS temporarily expands and simplifies use of e-signaturesnSBA issues new PPP guidance with de minimis owner rule and rules related to rents and mortgages as nonpayroll costs

2020-08-31 Excellent Guidance to Confirm Fears

⏲ 32 min 80 sec ✓ 30-Aug-2020

TaxBasket

Is PPP Loan Forgiveness Taxable? Are PPP Expenses Deductible? ERTC and PPP

⏲ 1 minute 13 seconds 👁 38.5K

WCPO 9

Their PPP loans were forgiven, but they were under investigation by the FBI. How did that happen?

⏲ 2 minutes 48 seconds 👁 7.7K

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