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IRS Says ‘No’ to PPP Loan Deductions

IRS Says ‘No’ to PPP Loan Deductions

The IRS released guidance this week which definitively stated that expenses paid with Paycheck Protection Program (PPP) loan proceeds are NOT deductible.  With the end of the year coming quickly, many of our clients have either filed or are preparing to file PPP loan...

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HHS Provider Relief Fund Deadline and FAQ

HHS Provider Relief Fund Deadline and FAQ

On May 20, the US Department of Health and Human Services ("HHS") issued a press release reminding that a provider has until June 3, 2020, to submit revenue information to support receiving an additional payment from the Provider Relief Fund's $50 billion General...

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