2022-09-18 New PPP Loan Tax Guidance Appears

This week we look at:

• IRS memorandum states that PPP loan forgiveness is taxable if taxpayer did not actually qualify for forgiveness granted

• AICPA adds to items requested for additional penalty relief under Notice 2022-36

An audio only version of this week’s broadcast can be streamed or downloaded below:

Articles for this week’s broadcast can be downloaded as a PDF below:

2022-09-19 Current Federal Tax Developments