Cares Act:
Consider These Steps For Your PPP Loan In Light Of New IRS Guidance
Published on Fri Dec 18, 2020
Take action now if you’re not expecting Paycheck Protection Program loan forgiveness. Some new clarifications from the Internal Revenue Service indicate when your PPP loans are tax deductible — but you may not like the answer. Background: Back in April, the IRS announced the CARES Act Paycheck Protection Program loans would not be tax deductible if forgiven (see HCW by [...]