[Listen] Canceled PPP Loans Still Taxable in Minnesota

Many farmers and small businesses qualified and were able to take advantage of the Payment Protection Program or PPP, which was part of Bill CIVID-19 passed by Congress and signed by President Trump. If the proper procedures were followed, the loans could eventually be canceled. PPP loans have been very …

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Definition of the national shared credit program

What is the National Shared Credit Program? The Board of Governors of the US Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) formed the National Shared Credit Program in 1977 to provide an effective and consistent review and classification of large …

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