Entrepreneurs who took a forgivable loan this year can't write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two ...

The U.S. Small Business Administration is launching a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less, through participating lenders, to ...

DETROIT – The Justice Department’s National Fraud Enforcement Division continues to advance its mission to fight fraud and protect taxpayers. Today, United States Attorney Jerome F. Gorgon Jr.

Beaumont executive Tom Flanagan is indicted on wire fraud charges, accused of misusing over $2.4 million in PPP loans, ...

One of the founders of the lender service provider Blueacorn has entered a guilty plea in a scheme intended to fraudulently obtain COVID relief money through the Paycheck Protection Program (PPP). A ...

Congress recently passed the Paycheck Protection Flexibility Act of 2020 and improved the Paycheck Protection Program (PPP) for small business loans. The bill enhances the PPP by increasing the time ...

Regions Bank has agreed to pay a $4.9 million settlement to the Department of Justice in a case involving a COVID-19 relief loan program. According to the DOJ, Regions was alleged to have forgiven a ...