United States: IRS Confirms PPP-Funded Expenses Are Non-Deductible - Varnum LLP

Mondaq

25 Nov 2020 0 shares 1 views

United States: IRS Confirms PPP-Funded Expenses Are Non-Deductible - Varnum LLP

Mondaq

Published 25 Nov 2020

Literally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly to avert a potential collapse of the...

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United States: IRS Clarifies Nondeductibility Of PPP Expenses - Cadwalader, Wickersham & Taft LLP

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United States: IRS Confirms Taxpayers Cannot Deduct Expenses Paid With PPP Loans If Forgiveness Is Reasonably Expected - Ballard Spahr LLP

Mondaq 25 Nov 2020

In Revenue Ruling 2020-27, the IRS announced that taxpayers cannot deduct expenses paid for with the proceeds of a Paycheck..

United States: IRS Confirms PPP-Funded Expenses Are Non-Deductible - Varnum LLP

United States: IRS Confirms PPP-Funded Expenses Are Non-Deductible - Varnum LLP

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