Tax Alert: May 7 Deadline to Return PPP Loans is Extended to May 14

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Less than two weeks ago, the SBA explained in Q&A #31 that PPP borrowers who, after reflection, believe they may not have met the requirement that their PPP loans were truly needed, could return those funds on a no-questions-asked basis by May 7.

We recently shared a tax alert discussing the deadline extension.

CLICK HERE TO READ THE FULL ALERT.