Tax & AccountingAugust 04, 2020

PPP – August 4 Update

PPP – August 4 Update

Treasury and the SBA released 10 pages of FAQs on the PPP Loan Forgiveness this afternoon, 8/4. During recent testimony before Congress, both Treasury and SBA indicated this was forthcoming: https://home.treasury.gov/system/files/136/PPP–Loan-Forgiveness-FAQs.pdf With the gates opening on loan forgiveness on Monday, 8/10, the release of this information is critical.

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Mark Friedlich
Author at Tax & Accounting
Mark Friedlich, a CPA & tax lawyer, is the principal international & corporate indirect taxation analyst for Wolters Kluwer Tax & Accounting. He is a member of the U.S. Senate Finance Committee’s Chief Tax Counsel’s Advisory Board, advisor to 14 state taxing authorities, and a member of the American Bar Association’s Tax Section and AICPA’s Tax Section leadership teams. Prior to joining Wolters Kluwer he was a Managing Tax Partner at PricewaterhouseCoopers.