Senate OKs COVID Relief Bill
December 22, 2020 4:27 pmOn Monday evening, Dec. 21, the Senate passed 92-6 the omnibus spending bill which included $900 billion in COVID relief, specifically a new round of PPP lending.
Tag Archive: ppp deductibility
Treasury Denies PPP Deductibility
November 25, 2020 3:09 pmRecently, Treasury and the IRS released guidance clarifying that forgivable PPP loan funds are not deductible, contrary to Congressional intent.
