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IRS says lenders don’t need to report PPP loan forgiveness

Posted by: admin in Accounting Services, CARES Act, IRS, Paycheck Protection Program, SBA, Tax forms September 23, 2020 Comments Off on IRS says lenders don’t need to report PPP loan forgiveness 13 Views

The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness.

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