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    The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans

    by Bruce Willey, JD, CPA, Founder, American Tax & Business Planning May 08, 2020 3 minutes

    The IRS just did something that stunned me. It pulled the rug out from under desperate small-business owners just as they were starting to get their feet under them.

    It was about a month ago that I praised what I saw as the one of the most comprehensive, beneficial acts of Congress in American history. With the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, I saw the federal government committing to what I committed to doing for my clients decades ago: help small businesses.

    While not sold as a clear

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