13 May Paycheck Protection Program Loans and Taxation
I have seen some rumors going around (on big media no less) that have incorrectly characterized some IRS guidance regarding Paycheck Protection Program (PPP) loans and how the loan, loan forgiveness, and deductibility of expenses will be handled. To say that major media outlets screwed up the article is an understatement. Here is the IRS Guidance. I won’t link to the dumb story.
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