Karen Koskin, owner of Montanya Distillers in Crested Butte, Colorado moves some boxes with a front end loader while on a tour of Montanya s distillery. Montanya produces award winning crafted rums and has just released Valentia. Valentia was created and distilled by women.
Special to the Colorado Sun/Dean Krakel
Frisco restaurateur Bob Starekow got some devastating news last week. His federal Paycheck Protection Program loan came with unexpected strings.
“My accountant informed me that due to the ‘income’ of the forgiveness portion of the PPP loan, I will owe $45,000 in taxes on phantom income,” Starekow, owner of Silverheels Bar & Grill and Kemosabe Sushi & Sake, said in an email on Dec. 15. “I would explain it better if I understood the IRS’s extreme position better.”