IRS Issues CARES Act Guidance Addressing Tax Issues Prevalent in M&A Transactions
The CARES Act’s Paycheck Protection Program (PPP) was a boon to many businesses, but some of its particularities have become a headache to acquiring taxpayers. Our Federal Tax Group untangles how PPP loans affect employee retention credits and deductions.
New IRS guidance for both equity and asset acquisitionsA revenue ruling confirming that certain expenses cannot be deducted
Read the full advisory here.
[...]Read more