United States: IRS Issues New FAQs On The Interaction Between The Employee Retention Tax Credit And PPP Loans In M&A Transactions - Proskauer Rose LLP

United States: IRS Issues New FAQs On The Interaction Between The Employee Retention Tax Credit And PPP Loans In M&A Transactions - Proskauer Rose LLP

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On November 17, 2020, the U.S. Internal Revenue Service ("IRS") posted new FAQs providing that an acquisition of the stock or assets of a company that has received a loan under the Paycheck Protection Program.

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