IRS Announces that Expenses Giving Rise to the Forgiveness of a Paycheck Protection Program Loan
By EsqSocial Corporation 05/05/20
To prevent taxpayers from claiming what the Internal Revenue Service (the IRS) believes to be an unintended double tax benefit under the Paycheck Protection Program (PPP), the IRS issued Notice 2020-32, 2020-21 I.R.B. 1 (the “Notice”) to deny...
By: Shearman & Sterling LLP