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How to Get PPP Loan Forgiveness

The Paycheck Protection Program (PPP) provided much-needed relief to businesses of all sizes in 2020 and 2021. First-draw PPP loans were available for up to $10 million, and second-draw loans for up ...
JD Supra

Effect of “forgiven” PPP loan on the deductibility of covered expenses

One of the principal benefits of the Paycheck Protection Program (“PPP”) is that the principal and interest from any loan forgiven is not includable in a taxpayer’s gross income. In what has developed ...