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[quote=Anonymous]Cash only-businesses that didn't file taxes or significantly under-reported their income were largely shut out of Hurricane Sandy disaster relief. A critical part of getting SBA disaster assistance was showing previous' years income through tax filings and associated losses to physical premises and sales. Same thing happened with PPP loans, which required you to show previous expenses through tax filings. Lots of cash businesses either didn't file taxes or showed really low income. So they didn't qualify for relief programs in times of crisis.[/quote]
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