• +1 (717) 759-4227

IRS advises that improperly forgiven Paycheck Protection Program loans are taxable

WASHINGTON – The Internal Revenue Service recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan). The guidance confirms that, when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, the taxpayer is not...

  • 0 Comments
  • September 22, 2022