#ppp
PPP loan accounting, forgiveness tracking, and compliance guides
The IRS is matching PPP and EIDL applications against filed tax returns. Reconcile 941s, amendments and revenue now — the fraud window runs ten years.
Congress set a 10-year statute of limitations for PPP fraud, so a loan funded in 2020 can be charged until 2030 and forgiveness is not a defense. This guide covers False Claims Act liability, the five eligibility tripwires still generating cases, and the six-year record-retention rule borrowers must meet.
DOJ's Civil Division is using AI data-mining relators to flag 2020 PPP loans for False Claims Act violations under the SBA affiliation rule, with the six-year statute of limitations starting to expire in April and May 2026 and real fraud exposure running a full ten years.
A practical 2026 guide for businesses with ERC exposure — the closed voluntary disclosure window, the OBBBA six-year statute on Q3/Q4 2021 claims, the categorical disallowance of late filings after January 31 2024, the promoter penalties reaching back to March 12 2020, and the audit file examiners actually request.
How the CARES Act, Consolidated Appropriations Act, and American Rescue Plan reshaped small business taxes—covering PPP forgiveness, the Employee Retention Credit, EIDL loans, deferred payroll taxes, and the April 15, 2025 deadline for 2021 ERC claims.
Forgiven PPP loans are federally tax-free and the expenses paid with them remain fully deductible, but EIDL loans, EIDL Advance grants, and PUA benefits each carry distinct tax treatment — including a one-time $10,200 unemployment exclusion for 2020 under the American Rescue Plan.
As of 2026, most outstanding Employee Retention Credit claims sit in audit, appeal, or litigation rather than ordinary processing queues. The One, Big, Beautiful Bill Act blocked late 2021 Q3/Q4 claims filed after January 31, 2024, and extended the IRS audit window for ERC claims to six years.
Navigating the PPP loan forgiveness process is essential for small businesses to avoid repayment. This guide details the criteria for full forgiveness, including eligible expenses and necessary documentation.
Navigate the process of securing Paycheck Protection Program loan forgiveness in 2025. Understand eligibility, application requirements, and the streamlined process for businesses still seeking relief.
