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18/05/2020 10:00 am
Does anyone have any intel on whether you can take the ERC credit if you receive a PPP loan? my boss is saying that the PPP loan is "only" for 8 weeks, and that you can take the ERC for the time before and after the PPP loan is in affect. Our CPA says that if you take the PPP loan you do not qualify for the ERC credit at all. And it is pretty much written out as such in the instructions for the 7200 form.
What can I do to convince him that he can't double dip?