As the June 30, 2020 deadline for acquiring a Paycheck Protection
Program Loan (PPP Loan) approaches, borrowers remain faced with a number
of details that may impact PPP Loan forgiveness.
On June 9th, 2020, the US Department of Health and Human Services (HHS) announced an expansion of its Provider Relief Fund.
The IRS recently published Notice 2020-43, which proposes two new methods for reporting partner capital accounts on partnership returns (Form 1065 or Form 8865) and requests comments on the proposed methods.
On Wednesday June 3, 2020 the Senate passed H.R. 7010 which modifies “certain provisions related to the forgiveness of loans under the paycheck protection program” (PPP Loans).