IRS Clarifies Position on Forgiven PPP Loan Expenses – Not Deductible

November 20, 2020

Please note: This article was posted November 20, 2020. The Consolidated Appropriations Act of 2021, signed into law by President Trump on December 27, updates the IRS' position on this topic. Click here to read our most recent summary of the Consolidated Appropriations Act of 2021.