United States: Buyers May Be Eligible For The Employee Retention Credit Even If They Acquire Equity Or Assets Of PPP Loan Borrowers - Lewis Rice

United States: Buyers May Be Eligible For The Employee Retention Credit Even If They Acquire Equity Or Assets Of PPP Loan Borrowers - Lewis Rice

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On November 16, 2020, the IRS issued taxpayer-favorable FAQs clarifying the interaction of the employee retention credit (the "ERC") and Paycheck Protection Program ("PPP") loans in M&A transactions.

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