Gross Receipt Exclusions for ERC

A taxpayer is permitted to exclude certain items from “gross receipts” for determining eligibility to claim the ERC under the CARES Act and other recent relief legislation including:

  •  amount of the forgiveness of a PPP loan
  • grant from the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act
  • restaurant revitalization grant under the American Rescue Plan Act
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