The Aftermath of the Paycheck Protection Program (PPP)

BACKGROUND On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act, enacting it into law. The bill had been passed overwhelmingly, in a bipartisan manner, by both the House and Senate, as legislators struggled to take action to...

Qualified Disaster Payments Under IRC 139

Since the application period opened on Friday, April 3, 2020, businesses have lined up in an effort to secure funds through the Paycheck Protection Program (PPP) from the Small Business Administration (SBA). The rumored number of applications received by individual...