FICPA Podcast

Federal Tax Update Podcast: New PPP loan tax guidance appears

In the latest edition of his Federal Tax Update podcast, Ed Zollars addresses the appearance of the new PPP loan tax guidance. This week we look at:

  • IRS memorandum states that PPP loan forgiveness is taxable if taxpayer did not actually qualify for forgiveness granted
  • AICPA adds to items requested for additional penalty relief under Notice 2022-36

Click on the player below to listen to the show.

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