MRC - Manufacturers Resource Center

 

Alert! IRC Confirms Non-Deductibility of Expenses Related to PPP Loans

 

Fox Rothchild Attorneys at Law
November 21, 2020 – Alerts

Businesses that reasonably anticipate that loans under the Paycheck Protection Program will be forgiven should be aware that they cannot claim a deduction for the eligible expenses paid or incurred during the 2020 taxable year.  For complete details […more]