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Expense Deduction Denial for Recipients of Paycheck Protection Program Loans

Expense Deduction Denial for Recipients of Paycheck Protection Program Loans

  • Post author:bullcpa
  • Post published:May 5, 2020
  • Post category:Coronavirus News
  • Post comments:0 Comments

On May 31, 2020, the IRS issued Notice 2020-32, below, which denies an expense deduction for those recipients of Paycheck Protection Program loans which are forgiven for otherwise deductible expenses.…

Continue Reading Expense Deduction Denial for Recipients of Paycheck Protection Program Loans

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