Evan Ramstad

A closed barber shop is seen May 6, 2020, in Cleveland. Small businesses, hit hard during the coronavirus pandemic, many be required to pay taxes on any Paycheck Protection Program aid they received.

Small businesses that took PPP aid may now face a punishing tax bill

December 2, 2020 at 8:19 a.m.

A recent IRS ruling tying up a loose end in the 2020 economic-relief law could force many small businesses to pay taxes on government aid meant to help through the...

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