Tag Archives: PPP loan forgiveness

Will PPP Loan Forgiveness Make You Owe the IRS More?

The Paycheck Protection Program (PPP) helped many companies remain in business during the early days of the pandemic, when quarantine prompted a huge economic downturn. Now, however, business leaders worry that, by accepting PPP loans, they may have sparked a downward spiral in their dealings with the IRS. Much of the current anxiety surrounding taxes […]

The Latest in the Fight Over PPP Loan Forgiveness

In the height of the economic fallout of COVID-19, many small businesses looked to the Paycheck Protection Program (PPP) as a means of staying afloat. Those approved for the program were promised loans backed by the Small Business Administration. They took solace in knowing they could receive full forgiveness if distributed funds were primarily used […]