Business Financial Tax Updates
IRS Issues Additional Guidance Regarding Non-Deductibility of PPP Loan Funded Expenses
IRS Issues Additional Guidance Regarding Non-Deductibility of PPP Loan Funded Expenses In April, the IRS issued Notice 2020-32, providing that taxpayers who received loans through the Payroll Protection Program (‘PPP’) could not deduct expenses that result in forgiveness of the loan under the CARES Act in accordance with IRC Read more…