IRS Guidance on PPP Deductibility
Thoughtware Alert
Published: Nov 19, 2020
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On November 18, 2020, the IRS released two documents, Revenue Ruling 2020-27 and Revenue Procedure 2020-51, that provide clarity on the timing and deductibility of expenditures related to Paycheck Protection Program (PPP) funds. This article provides details on the new guidance.
