24Nov
IRS Releases Additional Guidance Regarding Interaction of Employee Retention Tax Credits and PPP Loans in M&A Transactions and Deductibility of PPP Loan Expenditures
Last week, the Internal Revenue Service (IRS) issued additional guidance on two outstanding issues regarding Paycheck Protection Program (PPP) Loans and the Employee Retention Tax Credit (ERTC) provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). First, the IRS updated previously published Frequently Asked Questions (FAQs) to provide helpful clarification of the interaction of the ERTC and PPP Loans in M&A transactions. Second, the IRS issued Revenue Ruling 2020-27...
By:
Wilson Sonsini Goodrich & Rosati
Related
There has been a new development in the Xerox and Fujifilm (“Fuji”) litigation: Justice Ostrager ...
Read More >
For a long time, compliance was perceived as a part of the larger legal world. Today, compliance is ...
Read More >
Hemos escrito mucho acerca de cómo las colaboraciones público-privadas (P3) ofrecen soluciones mejor...
Read More >
The Employee Benefits Practice is pleased to present the Employee Benefits Developments Newsletter f...
Read More >
- The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires parties that meet certain transa...
Read More >
On September 24, 2019, the U.S. Department of Labor (“USDOL”) announced its new Final Overtime Rul...
Read More >