IRS Doubles Down on Taxing PPP Loans

By Demetrius Robinson & Jennifer Hart The US Treasury Department and the Internal Revenue Service (IRS) released new guidance late Wednesday related to the tax treatment of expenses paid with Paycheck Protection Program (PPP) loans. Specifically, Revenue Ruling...

What Will Post-Election Stimulus Look Like?

By Scott Norcross & Paige Rabatin There’s no need for suspense; a new federal stimulus package will not be passed before the November 3rd election. That became clear once the announcement was made that the Senate will be recessed until November 9th. However, the...