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  1. Are PPP expenses tax deductible for the self-employed if they are forgiven? Yes. PPP expenses are both forgivable and deductible, and, even better, whatever amount is forgiven will not be considered to be part of your taxable income. If you wish to apply for loan forgiveness (and you absolutely should), you can do so once you’ve used all of your loan proceeds. You’ll need to apply for forgiveness within 10 months of the last day of your covered loan period to be eligible for loan forgiveness.  Most participating lenders are aware that under the current version of the Standard Operating Procedure… Borsack said everyone who receives a PPP loan after May 5 will be in this category, but he suspects that this deadline will be extended for those who receive later approvals and suggested businesses in this situation keep an eye on the SBA for new guidance. https://thejacel.com/forum/profile/ulriketanaka32/ Additional banks offering person-to-person transfers include Wells Fargo, Capital One, USAA, U.S. Bank and Citibank … including your account number and bank routing number. Have you had your eye on virtual credit cards for quite some time, but cannot decide which one to get? Citi is among the few American banks that offer virtual credit cards to their customers. The Citi Virtual Account Numbers feature generates a random credit card number that makes it practically impossible to steal your credit card details online. Virtual Account Numbers feature is the ONLY reason I use Citi cards. I use them for ALL online purchases. I love that I can set my own credit limit and expiration date. The two main purposes for using virtual account numbers (VANs) are security and convenience. Instead of providing merchants with your actual credit card details, you can just give the virtual card number.

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