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Rockville Tax Law Blog

CCM and PPP forgiveness

In (IR 2022-162, 9/21/2022; Chief Counsel Advice 202237010) the IRS noted that many PPP loan recipients who received loan forgiveness were qualified and used the loan proceeds properly to pay eligible expenses. However, the IRS has discovered that some recipients who...

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2022 Sales Tax Holiday Reminder

Maryland Comptroller Peter Franchot reminds taxpayers that this year's sales tax holiday for back-to-school items occurs from Sunday, August 14, 2022 through Saturday, August 20, 2022. Any single qualifying article of clothing or footwear priced $100 or less,...

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