APMA has the resources you need to help you through every step of your career. With detailed information about MIPS and recent coding trends along with compliance guidelines and practice marketing materials, APMA has you covered whether you are just getting started in practice, preparing for retirement, or anywhere in between.
Today's podiatrist has the necessary education and training to treat all conditions of the foot and ankle and plays a key role in keeping America healthy and mobile while helping combat diabetes and other chronic diseases.
Your feet are excellent barometers for your overall health. Healthy feet keep you moving and active. They are quite literally your foundation. In this section, learn more about APMA Seal-approved and accepted products, proper foot care, common foot and ankle conditions, and how your podiatrist can help keep you and your feet healthy.
APMA is the only organization lobbying for podiatrists and their patients on Capitol Hill. As the voice of podiatric medicine to your legislators and regulators, APMA is active on a variety of critical issues affecting podiatry and the entire health-care system.
Taxpayers who received loans through the Paycheck Protection Program (PPP) should be aware of the critical tax consequences relating to the forgiveness of these loans.
The PPP was created by Section 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides that an eligible recipient of a covered loan could qualify for forgiveness of the indebtedness if certain criteria are met, and the forgiven loan is not included in taxable income. However, the IRS recently released Notice 2020-32 stating that expenses allocable to the forgiven PPP loan proceeds are not deductible. In other words, if a PPP recipient uses those PPP funds toward expenses that would otherwise be deductible, those expenses will no longer be deductible.
APMA recommends that PPP funds recipients carefully document how these funds are used, and that you work with your accountant to ensure you are in compliance.
Additional Information from Marcum LLP
Tax Considerations of PPP Loan Forgiveness
For further information, contact Dave Mustin at Marcum at 440-459-5755 or Dave.Mustin@MarcumTechnology.com.
To learn more about the PPP program, visit www.apma.org/covid19sba.
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