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Biz owners can’t deduct expenses paid with PPP loan money — at least for now

Congress isn't happy with the IRS ruling--and will likely work to reverse it.

FILE - In this April 23, 2020, file photo, a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak. (AP Photo/Eric Gay, File)
FILE - In this April 23, 2020, file photo, a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak. (AP Photo/Eric Gay, File)Read moreEric Gay / AP