![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](https://cdn.newsserve.net/ONPglobe256.png)
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
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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