Employer that repays a small business program loan before the safe harbor deadline of May 14 will be treated as though the co. had not received a covered loan for the purposes of the employee retention credit, Treasury Dept says in guidance.
To contact the reporter on this story:
To contact the editors responsible for this story:
Chelsea Mes
© 2020 Bloomberg L.P. All rights reserved. Used with permission.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.