To prevent confusion, the IRS notified lenders on Tuesday that they should not file cancellation-of-debt information returns or furnish payee statements under Sec. 6050P to report the amount of ...

The Paycheck Protection Program, initially rolled out last spring to help businesses survive the financial blows of the coronavirus pandemic, is open again for another round of loans. The program is ...

The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program. Can you deduct expenses paid with your loan funds? Do you need to ...