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

Fox Rothchild Attorneys at Law November 21, 2020 – Alerts By Adam R. Young and Maureen R. Monaghan 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...

SBA Rules for PPP Loans in M&A Transactions

New guidance from the Small Business Administration (SBA) sheds light on questions that arise in the context of M&A transactions where one of the companies has secured a potentially forgivable loan through the Paycheck Protection Program (PPP