IRS Notice
2020-32, issued on
April 30,
2020, denies
 deductions
for otherwise
deductible
expenses of
businesses that
received qualif
(
more)
IRS Notice 2020-32, issued on April 30, 2020, denies deductions for otherwise deductible expenses of businesses that received qualifying business loans under the Paycheck Protection Program (PPP loans) to the extent that such loans are later forgiven as permitted under certain circumstances pursuant to the program. 
resource:
https://www.irs.gov/
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