What is the Economic Aid Act?
The Economic Aid Act, among other things, reauthorizes lending under the Paycheck Protection Program (PPP) through March 31, 2021, modifies provisions related to making PPP loans and...more
1/15/2021
/ Borrowers ,
CARES Act ,
Economic Aid Act ,
Interim Final Rules (IFR) ,
IRS ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Revenue Rulings ,
SBA ,
SBA Lending Programs
The Department of Treasury and the Internal Revenue Service (the “IRS”) have issued IRS Notice 2020-23 (the “Notice”), which extends several deadlines that fall between April 1, 2020 and July 15, 2020. The IRS has changed...more