Financial ServicesAccountantFortunate Enough to Get a PPP Loan? Forgiven Expenses Aren't DeductibleBy The Callen Accounting Group, PLLC Share:If you get a PPP loan and use the proceeds on certain expenses, the loan amount will be forgiven. Can you then deduct the expenses on your tax return? The IRS answers that question in new guidance. Click to see the answers.About the BusinessBUSINESSAccountantThe Callen Accounting Group, PLLC(16 reviews)104 E. 1st St., Mountain Home, AR 72653CALL US+1 (870) 425-6066CALL US+1 (870) 425-6066VIEW BUSINESS PROFILEHave a question? Ask the experts!Send your question