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IRS Guidance Says No Deduction Is Allowed for Business Expenses Paid with Forgiven PPP Loans
- Source :
- Congressional Research Service (CRS) Reports and Issue Briefs. December, 2020
- Publication Year :
- 2020
-
Abstract
- Updated December 31, 2020 The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) created Small Business Administration (SBA) Paycheck Protection Program (PPP) loans for payroll expenses and [...]
Details
- Language :
- English
- Database :
- Gale General OneFile
- Journal :
- Congressional Research Service (CRS) Reports and Issue Briefs
- Publication Type :
- Report
- Accession number :
- edsgcl.660847378