Blog

We keep you up to date on the latest financial changes and news in the industry.

Video Tips: Improperly Forgiven PPP Loans Are Now Taxable

The IRS recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan). When a taxpayer's loan is forgiven based upon misrepresentations or omissions, they are not eligible for exclusion and must include in income the portion of proceeds that were unfairly given up.

Share this article...

Sign up for our newsletter.

Each month, we will send you a roundup of our latest blog content covering the financial and accounting tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

We care about the protection of your data.