Posted by: Steven Toscher | May 19, 2020

STEVEN TOSCHER Quoted in Tax Notes Regarding Recent PPP Prosecutions

Applicants who clearly lied in their applications for the Paycheck Protection Program’s (PPP) tax-free forgivable loans will make better targets for criminal investigation than those who don’t fit lawmakers’ ideas of the program’s intended beneficiaries.

“I’m sure there are some blatantly false [statements on PPP loan applications], and I think that is where it’s going to go. I don’t think they’re going to get in the business of going in and second-guessing the uncertainty,” Steven Toscher of Hochman Salkin Toscher Perez PC said.

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