By Scott Zickefoose, Tax Senior Manager IRS Notice 2020-32 provides guidance on allowable tax deductions relating to business expenses On April 30, 2020, the Internal Revenue Service (“IRS”) issued Notice 2020-32. This notice provides guidance regarding the deductibility for Federal income tax purposes of expenses incurred in a taxpayer’s trade or business when the taxpayer … Continue reading Paycheck Protection Program: Guidance on Deductibility of Business Expenses Incurred