Angela Lawrence, Paraprofessional at Klatzkin, contributed to this post. In September 2020, the Financial Accounting Standards Board (FASB) issued...
COVID-19 Tax Incentives & Planning
Improperly Forgiven PPP Loans Are Now Taxable
In a memorandum released in September 2022, the IRS has confirmed that if a PPP loan was forgiven based on misrepresentations or omissions by the...
New Statute of Limitations on PPP Loan Fraud
On August 5, 2022, President Biden signed the PPP and Bank Fraud Enforcement Harmonization Act of 2022, which establishes a 10-year statute of...
COVID-19 Business Loan & Grant Programs
New Standard for Nonprofit Reporting of Contributed Nonfinancial Assets
Angela Lawrence, Paraprofessional at Klatzkin, contributed to this post. In September 2020, the Financial Accounting Standards Board (FASB) issued...
Improperly Forgiven PPP Loans Are Now Taxable
In a memorandum released in September 2022, the IRS has confirmed that if a PPP loan was forgiven based on misrepresentations or omissions by the...
New Statute of Limitations on PPP Loan Fraud
On August 5, 2022, President Biden signed the PPP and Bank Fraud Enforcement Harmonization Act of 2022, which establishes a 10-year statute of...



