![United States: Buyers May Be Eligible For The Employee Retention Credit Even If They Acquire Equity Or Assets Of PPP Loan Borrowers - Lewis Rice](https://cdn.newsserve.net/ONPglobe256.png)
United States: Buyers May Be Eligible For The Employee Retention Credit Even If They Acquire Equity Or Assets Of PPP Loan Borrowers - Lewis Rice
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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