On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...

The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program. Can you deduct expenses paid with your loan funds? Do you need to ...

Those ready to submit Paycheck Protection Program loan forgiveness applications can now do so. The Small Business Administration announced Wednesday, Aug. 12, that online portals have opened for ...

To prevent confusion, the IRS notified lenders on Tuesday that they should not file cancellation-of-debt information returns or furnish payee statements under Sec. 6050P to report the amount of ...

The Paycheck Protection Program, initially rolled out last spring to help businesses survive the financial blows of the coronavirus pandemic, is open again for another round of loans. The program is ...