OHCARES

OH Blog and News

IRS Issues Tax Deductibility Guidance on PPP Loan Forgiveness Expenses and Income

Published: November 20, 2020

On November 18, 2020 the U.S. Treasury Department and the Internal Revenue Service (IRS) issued tax guidance further clarifying that expenses paid with forgiven Paycheck Protection Program (PPP) loans do not qualify for a business expense tax deduction. The guidance also reconfirmed that Paycheck Protection Program (PPP) loans that have been forgiven or are expected… Read More

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Ohio Humanities Awards $690,658 in OH CARES Emergency Grants in June

Published: July 15, 2020

Good News.   The March 27 CARES Act, the stimulus relief program to shore up the US economy in the face of the… Read More

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